Credit That Requires Collateral, Which Ensures Payment of the Loan

question 78

Multiple Choice

Credit that requires collateral, which ensures payment of the loan, is referred to as ________.

• A) unsecured credit
• B) secured credit
• C) equal credit
• D) fair credit

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Definitions:

Constant Improvements

The ongoing effort to enhance products, services, or processes through incremental changes or innovations.

Employee Empowerment

When employees are provided with the ability to take on responsibilities and make decisions about their jobs.