Which of the following types of credits would best describes home equity loans?
a. closed and secured
b. closed and unsecured
c. open and secured
d. open and unsecured

The answer is "a. closed and secured".

Secured credit cards can assist individuals with awful credit or short records as a consumer get away from this paradox. This is what you have to know to comprehend anchored cards and how they vary from ordinary unsecured cards.  

Closed-end credit is a loan or sort of credit where the assets are scattered in full when the advance closes and should be paid back, including interest and fund charges, by an explicit date. The credit may require ordinary important and intrigue installments, or it might require the full installment of principal at maturity.

a) both were commissioned explorers