ECONOMICS
MONEY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is a mortgage used to purchase?
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car
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real estate
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college tuition
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business expenses
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Explanation:
Detailed explanation-1: -A mortgage is a loan financing the purchase or maintenance of a property, land, or other types of rental properties. The lender agrees to pay back the loan over some time, generally in a series of regular installments divided into principal and interest. The property serves as protection for loans.
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