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Which of the following is an example of an unsecured bank loan

credit card debt
bank overdrafts
corporate bonds
all of the above

2 Answers

3 votes

credit card debt and corporate bonds

User ViToni
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3 votes

Answer:

The correct answer is the option D: all of the above.

Step-by-step explanation:

A credit card debt is the name given to the situation where a client purchase a good or service using money that he actually does not have, therefore origining a debt with the bank who borrowed him the money in the credit card

Bank overdraft is the situation where a client's bank account balance drops below zero and it is commonly known to say that the account is ''overdrawn'' and accord to that the client agrees with the bank to be provided of an overdraft with high interest rate.

Corportate bonds is a type of bond that is issued by a corporation with the objective of finance many different reasons, such as to expand business. It is a longer-term debt instrument, with maturity of at least a year.

Therefore that all of the above are examples of unsecured bank loans.

User Bentley
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5.3k points