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A long-term loan made against real estate as collateral is a:
AMarginal loan
BMonthly loan
CMerchant loan
DMortgage loan
Answer & Solution
Correct answer: D. Mortgage loan
1. Land or buildings back it.
2. The term runs long.
3. It is a mortgage loan.
_Source: OpenStax Introduction to Business, Chapter 16, Understanding Financial Management and Securities Markets._
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