If Joan is applying for a loan for a shelving system to improve her retail sales where the system will serve as collateral, what type of loan would be the most appropriate?

A. chattel mortgage
B. line of credit
C. real estate mortgage
D. term loan


Answer: A

Business

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A) Narrative B) Reference materials C) Summaries D) Orientations E) Conversations

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Indicate whether the statement is true or false

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