Answered

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Which of the following payments is an example of secured debt?

A. A pair of shoes
B. Car loan payments
C. Groceries
D. A bus ticket

Sagot :

GinnyAnswer

Final answer:

A car loan payment is an example of secured debt as it is backed by collateral, such as the car itself.


Explanation:

A secured loan is a type of loan that is backed by collateral, such as a house or a car. In the given options, the car loan payments would be an example of secured debt because the car serves as collateral in case the borrower defaults on the loan.


Learn more about secured debt here:

https://brainly.com/question/36232355


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