________ Is a Situation in Which a Creditor Agrees to Extend

question 43

Multiple Choice

________ is a situation in which a creditor agrees to extend credit only if the purchaser pledges some personal property as collateral for the loan.

• A) Floating lien
• B) Attachment
• C) Mortgage
• D) Secured credit

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Definitions:

Bar Charts

A type of graphical display used to represent categorical data with rectangular bars of lengths proportional to the values they represent.

Nominal Data

Data classified into categories that cannot be ordered or ranked.

Proportional Slice

A proportional slice refers to a segment of a whole, such as in a pie chart, where each slice’s size represents its proportion in relation to the total.

Nominal Data

Data that are categorized into distinct groups and names, without any order or ranking.