An unsecured loan (1)/ is a loan (2)/ which one could obtain (3)/ without providing any collateral (4)/ No error (5)

A secured loan is guaranteed by ____________.A.a fixed rateB.interestC.collateralD.an effective rate

This refers to the unsecured deposits invited by companies from the people mainly to finance working capital needs.Select one:a.equity sharesb.loansc.public depositd.trade credit

Fill in the Blank QuestionFill in the blank question.A loan backed by collateral, something valuable like property, is called a loan.

Which is an example of a loan secured by collateral?A.Jorge secured a loan for $2,000 from his uncle.B.Trey secured a $2,000 loan to pay his college tuition.C.Jama charged $2,000 on her credit card for a vacation to Mexico.D.Joyce paid $2,000 in down payment and secured a loan on a new car.SUBMITarrow_backPREVIOUS

Why do lenders usually charge a higher interest rate for unsecured loans than for secured loans?A.Unsecured loans are used for large purchases such as houses or cars.B.Unsecured loans do not require property to be provided as collateral.C.Unsecured loans provide unlimited credit.D.Unsecured loans do not have specific terms or payment plans.