Answer:
(1). Secured loans
Collateral is generally required for secured loans. Secured loan are those for which the borrower, along with a promise to repay, puts up some asset (collateral) as surety for the loan. A secured loan instrument simply means that in the event of default, the lender can use the asset to repay the funds it has advanced the borrower. The risk of default on a secured loans tends to be relatively low since the borrower has so much more to lose by neglecting his financial obligation. Secured loans financing is typically easier for most consumers to obtain. As this type of loan carries less risk for the lender, interest rates are usually lower for a secured loan.
(2). Higher interests rates.
People who get loans but are considered a risk to fully repay them, often get higher interest rate. Because the risk to the lender is increased relative to that of secured debt, interest rates on unsecured debt tend to be correspondingly higher. However, the rate of interest on various debt instruments is largely dependent on the reliability of the issuing entity. An unsecured loan to an individual may carry astronomical interest rates because of the high risk of default.
(3). Higher total payment.
An unsecured loan to an individual may carry astronomical interest rates because of the high risk of default. Lenders issue funds in an unsecured loan based solely on the borrower's creditworthiness and promise to repay. Unsecured loan has no collateral backing, It involves no security, Hence, If the borrower defaults on this type of debt, the lender must initiate a lawsuit to collect what is owed.
The B. Fertile Crescent is the physical feature that covers most of Saudi Arabia. It is the place where the civilizations of the middle east and Mediterranean basin began.
Answer: The clones were dissatisfied with the decisions imposed by Britain.
Explanation:
The colonists declared the law imposed by the king invalid. The proclamation limited the boundaries of the colonies, which the colonists considered the biggest problem. Future actions will bring even more problems and dissatisfaction among the colonists. The Stamp Act, the Measures, and Sugar Act will be just some of the fragments that will lead to a war for independence.
Answer: False
Explanation: There are rules/ codes of conduct guiding every profession in this case, we shall be considering NSPE Code of Ethics I.2.Fundamental Canons: It states that Engineers, in the fulfillment of their professional duties, shall perform services only in areas of their competence.
Answer:
a)Not enough information
b)A Borda count election will likely violate the Condorcet Criterion. There usually is a Condorcet winner in a borda count election, however, this candidate will not be declared winner due to the point tally at the end of a borda count election.
Explanation:
The question fails to provide details of the election referenced in "question HW3". Notwithstanding, an attempt has been made to answer said question based on general principles
Borda count is a voting system in which voters rank the candidates in an order of preference. Points are given for the position of a candidate in a voter's rank order. The candidate with the most points wins.
The Borda count does not comply with the Condorcet criterion in the following case. Consider an election consisting of five voters and three alternatives, in which three voters prefer A to B and B to C, while two of the voters prefer B to C and C to A. The fact that A is preferred by three of the five voters to all other alternatives makes it a Condorcet Winner. However the Borda count awards 2 points for 1st choice, 1 point for second and 0 points for third. Thus, from three voters who prefer A, A receives 6 points (3 x 2), and 0 points from the other two voters, for a total of 6 points. B receives 3 points (3 x 1) from the three voters who prefer A to B to C, and 4 points (2 x 2) from the other two voters who prefer B to C to A. With 7 points, B is the Borda winner.
