Why does an unsecured loan have a higher interest rate than a secured loan?

Business

1 answer:

Tomtit [17]3 years ago

6 0

Answer: A

Explanation: There is a higher risk for banks when they give an unsecured loan. Secured loans have a collateral to back the loan, whereas unsecured loans are not a secure (hence the name).

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What are the positive impacts which this corporation has had on South africa economy and population?

Contact [7]

The positive impacts are:
- The corporation provided job opportunities for the citizens of south Afirca
- The corporation provided the people with good products that will enhance their lives,
- Corporations tend to provide the largest amount of Tax, which later could be distributed by the government in the form of welfare

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4 years ago

Your parents will retire in 26 years. They currently have $220,000 saved, and they think they will need $1,950,000 at retirement

Artyom0805 [142]

Answer:

Annual rate of interest is 9%

Explanation:

The annual rate of interest is computed using the excel formula of Rate as:

=Rate(nper,pmt,pv,fv,type)

where

nper is number of years which is 26 years

Pmt is monthly payment which is 0

pv is present value which is -$220,000

fv is future value which is $1,950,000

type is 0

So, putting the values above:

=Rate(26,0,-220000,1950000,0)

=9%

Therefore, the rate of interest is 9%

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3 years ago

A country that has an absolute advantage in producing corn does not necessarily have a comparative advantage in producing corn.

Andrei [34K]

A country that has an absolute advantage in producing corn does not necessarily have a comparative advantage in producing corn - this statement is true.

<h3>What are absolute advantages and comparative advantages?</h3>

Comparative advantage exists when a country produces a good or service for a more subordinate opportunity cost than other countries. Opportunity cost estimates a trade-off. A nation with a comparative benefit creates the trade-off worth it. Absolute advantage is an economic concept that exists utilized to refer to a party’s superior production capability. Specifically, it directs to the ability to produce a particular good or service at a lower cost.

Comparative advantage exists concerned with producing at a lower opportunity cost Having absolute advantage doesn’t necessarily indicate an economy should produce that good. It is not advisable to try and produce everything. Absolute Advantage: The ability of an actor to produce better of a good or service than a competitor. Comparative Advantage: The capability of an actor to produce a good or service for a lower opportunity cost than a competitor.

To learn more about absolute advantages refer to:

brainly.com/question/8141905

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2 years ago

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The answer could be trend.

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Which option is not available in the Presenter view of a presentation?