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.
Answer: A) . Base pay, health care benefits, challenging work
Explanation:
Answer:
Depression
Explanation:
Depression is a stronger way of recession. It is an expanded recession that can last for years, where economy crashes. Unemployment goes high, real estate goes down.
Depression can last for years and it can cause many side effects. One of them was The Great Depression that happened in 1929 and devastated the US economy.
Answer: Round character
Explanation: Round characters are so named because of how well they are developed by the author. For example, in the novel, Lord of the Flies, the main character, a boy named Ralph, was most notable because of how thoroughly he was developed.
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