Larry got a loan from a bank with his car as a collateral. what kind of a loan has the bank issued larry? what will happen if he doesn’t repay the loan on time? explain the reasons for your answer.

for Plato

The bank issues a secured loan to Larry based on collateral. If Larry doesn’t repay the loan on time, the bank can take his car.

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step-by-step explanation:

$12. that is my answer.