When the market interest rate goes up, the rate on variable-rate loans goes up.

True

False

The key to creditworthiness is borrow from many different lenders and borrow as much as they will loan you. This way, you demonstrate you are good at borrowing money.

True

False

When you borrow money to buy an item that serves as collateral, you are taking out a(n)

	a.	microloan.
	b.	unsecured loan.
	c.	variable-rate loan.
	d.	secured loan.