What is a secure line of credit? a. a line of credit offered only to individuals with excellent credit ratings. b. a line of credit offered to a business or corporation. c. a line of credit backed by the government. d. a line of credit backed by collateral. select the best answer from the choices provided

the correct answer is d

d. A line of credit backed by collateral

Step-by-step explanation:

A secured line of credit is called "secured" because it is guaranteed, or backed, by collateral.  Banks do this in order to ensure that they are paid back.  This is usually done for customers with a lower credit score.

yes, gavin is right.

step-by-step explanation:

gavin is correct. 

this problem is about converting 9% per year to how many percent per quarter. the rate is still the same. it only differed in the time period. so, through dimensional analysis,

9% per year  × (1 year / 4 quarters) = 2.25% per quarter

if he was asked to convert 9% per year to how many percent per quarter  compounded quarterly, then you will not simply divide by four. this is because compounding is not linear.

hope this , have a good day. c;