Question

Which pair of phrases correctly matches the specific type of loan with the

Answer 1

Answer:

C. Mortgage- Long-term loan.

Explanation:

Just took the quiz it told me that this was right.

Answer 2

C. Mortgage – Long-term loan

• A short term loan refers to a type of loan which is collected and should be paid usually within a year from the time the borrower collects the loan.

• A long term loan is a loan that's the repayment period is for more than one year.

• Alternative financing refers to the fund that's gotten through non-financial institutions e.g. grants, crowdfunding and peer-to-peer lending.

• A mortgage is a loan that borrower uses to make purchase of a home and this.is paid back for a specified number of years. It's a long term loan.

• A "student loan is a long term loan" and a c"credit card is a short term loan".

• In conclusion, the answer is "Mortgage – Long-term loan".