Question: Question: I need the both answer is very important. 1. Which of the following types of credit is considered secured?> a. a student loan b.

Question:

I need the both answer is very important.

1. Which of the following types of credit is considered "secured?">
	a. a student loan
	b. a department store credit card
	c. a personal loan from your great aunt
	d. a home mortgage

2. If you were to take a typical payday loan for $150, with an interest rate of 24.5% due in full after two weeks, what is the total amount you would have to repay?

a. $186.75

b. $174.50

c. $157.33

d. $153.67

Please proper explain and do not copy from Chegg. Otherwise I have to report the answer.

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