which statement is true of both mortgages and auto loans?\n○ they are riskier than student loans for…

which statement is true of both mortgages and auto loans?\n○ they are riskier than student loans for lenders.\n○ they do not require a minimum payment.\n○ they are secured loans and generally require a down payment.\n○ they have higher interest rates than credit cards.

which statement is true of both mortgages and auto loans?\n○ they are riskier than student loans for lenders.\n○ they do not require a minimum payment.\n○ they are secured loans and generally require a down payment.\n○ they have higher interest rates than credit cards.

Answer

Brief Explanations:

  1. Analyze the first option: Student loans can have different risk profiles, and mortgages/auto loans' risk vs student loans isn't a universal "riskier" for lenders. So this is incorrect.
  2. Analyze the second option: Both mortgages and auto loans require minimum payments (e.g., monthly installments). So this is incorrect.
  3. Analyze the third option: Mortgages are secured by the home, auto loans by the car. Both typically require a down payment (a portion paid upfront). This matches their nature.
  4. Analyze the fourth option: Credit cards often have higher interest rates than mortgages/auto loans (which are secured and have lower rates generally). So this is incorrect.

Answer:

C. They are secured loans and generally require a down payment.