Match each item with the correct statement below.
-A loan backed by something of value owned by the borrower.
A) Bank
B) Collateral
C) demand deposit
D) direct deposit
E) diversity
F) electronic funds transfer
G) financial institution
H) investment
I) liquidity
J) nonbank
K) savings bond
L) secured loan
M) time deposit
N) Treasury instruments
Correct Answer:
Verified
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