Answer:
is not connected to collateral and, therefore, a higher risk for lenders
Explanation:
Unsecured loans are the loans issued without any securities attached to them. The lender relies on the borrower's creditworthiness as the basis for granting the loan. Unsecured loans are mostly available to salaried workers whose pay is processed by the lending institutions.
Unsecured loans pose a higher risk to the lender because they are not backed by any collateral. For this reason, they attract a higher interest rate than secured loans.
Answer:
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Answer:
The sino-japanese war was fought between Japan and China
Explanation:
........................
The answer is that a more equal distribution of a given
amount of income will increase the total utility of consumers. Income
Inequality is common nowadays and is considered to be a market failure. Three
causes of falling wages and the rise of income inequality is due to technology,
trades and institutions. Large wages focuses on workers with high levels of
education and skills.
The act of assessing opportunity cost involves making choices and dealing with consequences.
<h3>What is an
opportunity cost?</h3>
This refers to the most desirable alternative given up as the result of a decision.
It is also the concept that cost of something that has to be given up to enjoy something better.
Hence, the act of assessing opportunity cost involves making choices and dealing with consequences.
Read more about opportunity cost
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