Question

a man borrows money from an automobile dealership to pay for a car. if he fails to repay the loan, the dealership will take possession of the car. in this situation, the dealership is (a) _, the car is (a) _, and the man is (a) ____.

○ creditor, collateral, borrower

○ borrower, creditor, collateral

○ credit union, loan, creditor

○ loan, collateral, creditor

Explanation:

The dealership lends money, so it is the creditor. The car secures the loan (collateral). The man receiving the loan is the borrower. This matches the first option.

Answer:

creditor, collateral, borrower