How are mortgage and auto loans similar? the loan is issued by the seller. money is given to the borrower monthly. interest rates are rarely charged. the item purchased is used as collateral.

How are mortgage and auto loans similar?

The item purchased is used as collateral. If you take out a loan on a mortgage or a car and you do not make the appropriate payments, you are subject to losing the item because the borrows use them as collateral. Collateral is another word for security which is what insures the lenders they will not lose everything if the borrow fails to make their payments and hold their commitments.

c.

explanation:

regressive tax taxes the poor and less of the wealthy. this the rich get richer and the poor get more poor. this would create a large wealth gap.

commercial banking

provide online payment services

provide online banking

asset management firms

invest in people's funds in securities

accept tax return refunds