Answer:
C. Mortgage- Long-term loan.
Explanation:
Just took the quiz it told me that this was right.
The pair of phrases correctly matches the specific type of loan with the
broader category it best fits is Mortgage – Long-term loan
• A short term loan refers to a type of loan which is collected and should be paid usually within a year from the time the borrower collects the loan.
• A long term loan is a loan that's the repayment period is for more than one year.
• Alternative financing refers to the fund that's gotten through non-financial institutions e.g. grants, crowdfunding and peer-to-peer lending.
• A mortgage is a loan that borrower uses to make purchase of a home and this.is paid back for a specified number of years. It's a long term loan.
• A "student loan is a long term loan" and a credit card is a short term loan".
• In conclusion, the answer is "Mortgage – Long-term loan".
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