Q922
Type of financial security in which loans are secured by borrower's property is classified as
A.
municipal bonds
B.
corporate bonds
C.
U.S treasury bonds
D.
mortgages
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
Type of financial security in which loans are secured by borrower's property is classified as mortgages. A mortgage is a debt instrument, secured by the collateral of specified real estate property, that the borrower is obliged to pay back with a predetermined set of payments.