Answer:
D. A father loans a son $50,000 to start a business and charges interest
Step-by-step explanation:
whenever you hear unsecured loan think
credit card
unsecured means theres no collateral
meaning
the guy didnt promise to give the bank anything if
he couldnt repay the loan
example
farmers promise to give their farm equipment like
tractors if they cant repay the loan
A.
in a mortgage the bank can
take the house
C.
in a car loan the bank can
take the car
B.
A Veteran's Affairs Loan with no or very little interest
the bank can
GARNISH a part of the guys military pension
which is a fancy way of saying
taking a piece of his military pension
banks, loan companies, lending agencies can also
take a piece of a person's salary if he
cant repay STUDENT LOANS