Type of financial security in which loans are secured by borrowers’ property is classified as__________?

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Academy of PakistanTest & Learning

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328FinanceMedium

ACorporate bonds

BMunicipal bonds

CU.S treasury bonds

DMortgages

Correct answer

D. Mortgages

Explanation

Mortgages is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.

Type of financial security in which loans are secured by borrowers’ property is classified as__________? - Answer and Explanation | Academy of Pakistan