Question

1. An example of an unsecured debt is a(n) _____. (1 point)

student loan
auto loan
mortgage
mobile home loan
2. Unsecured debt interest rates are usually _____ when compared to secured debt. (1 point)
higher
lower
the same as
unpredictable

Answer 1

1. An example of an unsecured debt is a student loan. A secured debt will have something held such as title to a car. A secured debt can have the collateral repossessed.

2. Unsecured debt interest rates are usually higher when compared to secured debt.

Answer 2

1. An example of an unsecured debt is a STUDENT LOAN.


2. Unsecured debt interest rates are usually higher when compared to secured debt.

Step-by-step explanation:

Unsecured debt means somebody loaned you cash, however, they do not have a lien on something. Credit cards and student loans are smart samples of unsecured debt, as a result of there is nothing they'll directly repossess if the recipient does not pay.