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If You Default on Your Auto Loan,your Car Will Be

question 38

Multiple Choice

If you default on your auto loan,your car will be repossessed because it has been pledged as ________ for the loan.


Definitions:

Good

A tangible product or item that satisfies some human want or need, which can be transferred or sold from one person to another.

Profits And Losses

A financial metric indicating the positive (profits) or negative (losses) financial outcomes of a business's operations.

Scarce Resources

Resources that are limited in supply and are not available in sufficient quantities to satisfy all the various ways a society wants to use them.

Society

A group of individuals living together in a more or less ordered community with shared laws, traditions, and values.

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