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INCORRECT!

Not the right choice, but keep going—personal finance is all about planning ahead!

It's not your salary that makes you rich, it's your spending habits. – Charles A. Jaffe

Need A Hint?

One type of loan requires collateral, while the other does not, often resulting in different interest rates.

Did You Also Know...

By Quiz Coins

The first car insurance policy was issued in 1897 in Dayton, Ohio. It covered liability for damages caused by the policyholder's horseless carriage, which was quite revolutionary at the time.