An "unsecured" loan is one
A) with no stated collateral.
B) that is pending approval by a bank loan committee.
C) which has collateral.
D) in which the borrower is delinquent in loan payments but has not formally defaulted on.
A
Economics
You might also like to view...
Microeconomics is the study of how households and firms make decisions and how they interact in specific markets
a. True b. False Indicate whether the statement is true or false
Economics
A normal good is one for which
A) demand increases as income increases. B) demand increases as income decreases. C) the demand curve is horizontal. D) demand increases as the price of a substitute increases.
Economics