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Ivette has a high credit score. She applies for a loan at the bank to start a new business, and the bank gives her a

Ivette has a high credit score. She applies for a loan at the bank to start a new business, and the bank gives her a loan based on her good reputation and previous credit rating alone. Which type of bank loan does this scenario best describe?

Multiple Choice

an unsecured loan

a line of credit

a secured loan

a collateral loan

a prime rate loan

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