Question

An example of a loan that tends to have a lower interest rate is a(n) __________ loan.

a. home
b. unsecured
c. credit card
d. paycheck

Answer 1

home loan

Step-by-step explanation:

took the quiz

Answer 2

The answer is : A. Home loan

Home loan only have about 4 -5 % interest rate. Compared to other options :

- Credit Card Loan : about 15 % of interest rate
- Paycheck Loan : also about 15 % of interest rate
- Unsecured Loan : usually above 20 % interest rates