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



Answer :

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.


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