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 ideal functions of a leader is to bring political and social awareness regarding the ill-elements of the society.
<h3>What are the roles of a leader?</h3>
An ideal leader has to look for ideal ways to interact with the people in the locality. Awareness regarding cleanliness, water harvesting methods, usage of public places are to be made by a local leader.
Hence, it may be stated that a leader is expected to spread awareness against the ill-elements of the society.
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Answer:
A mountain resort begins running chairlifts for mountain bikers and hikers during the summer. The resort was initially built for skiing during the winter months.
Explanation:
Economies of scope -
It is the situation where the marginal cost and the long - run average of a company , economy or organization reduces , because of the production of some complementary services and goods .
It means that the production of one good decreases the cost of another good .
Hence , The example of economic scope is first options .
Louisiana purchase
Purchase of Alaska from Russia
Mexican American war
