$314.20 I hope this helps!
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:
Population ageing in Europe is caused primarily by three factors: declining fertility rates, increased life expectancy, and migration. The causes of population ageing vary among countries. I hope this helps
Explanation:
The above meant for the expansion of slavery was that move and move slaves were required to be carted off from Africa, the demand for slavery increased.
<h3>Why did Slavery increase in the South?</h3>
- Property owners in the southern colonies began constructing plantation farms for lucrative crops because of the good climate and abundant land.
- The introduction and fast proliferation of cotton and gin were key causes for the revival of slavery. This machine enabled Southern planters to cultivate a kind of cotton known as short-staple cotton, which was ideal for the Deep South's environment.
- The idea of Manifest Destiny propelled nineteenth-century territorial expansion in the United States and was used to justify the forcible expulsion of Native Americans and other communities from their homes.
- The issue of slavery became more pressing as new states were admitted to the Union, resulting in the outbreak of the Civil War.
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