Name the advantages and disadvantages of an unsecured loan
What will be an ideal response?
Answer: Unsecured loans require no collateral, only a signature. Larger unsecured loans are generally given only to borrowers with excellent credit histories. The major fault with these type of loans is that they require higher interest rates.
Business
You might also like to view...
The _____ Act mandates that most new rules cannot go into effect until 60 days after they have been sent to Congress for analysis.
A. Congressional Review B. Administrative Procedure C. Congressional Accountability D. Apportionment
Business
Perez Electronics Corp. has reported that its net income for 2006 is $1,276,351. The firm has 420,000 shares outstanding and a P-E ratio of 11.2 times. What is the firm's share price?
A) $34.05 B) $3.68 C) $11.20 D) $36.80
Business