Question: Which statement is correct? a. Collateral pledged by a borrower but held by a lender is described in a collateral pledge agreement. b. Redlining neighborhoods

Which statement is correct? a. Collateral pledged by a borrower but held by a lender is described in a collateral pledge agreement. b. Redlining neighborhoods to help make better lending decisions is illegal. c. The breakeven on an add-on loan will be smaller than the breakeven on an amortized loan.. d. All else fixed, loans priced 360 carry a higher daily rate than loans priced 365

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