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Author Question: What is the difference between secured and unsecured loans? (Read 228 times)

hgjjghgjh

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on: May 9, 2022

Question 1

What is a company faced with when it doesn't have enough cash to meet short-term needs?
◦ Strong economic order
◦ Poor risk/return trade-off
◦ Becoming highly leveraged
◦ Liquidity crisis
◦ High accounts receivables

Question 2

What is the difference between secured and unsecured loans?
◦ Secured loans are only available to the best customers.
◦ Secured loans are based on a general credit record.
◦ Secured loans are generally for longer periods of time.
◦ Secured loans have a higher interest rate.
◦ Secured loans are backed by collateral.
Business in Action ¦ Bovee, Thill ¦ 9th Edition
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Marked as best answer by hgjjghgjh on May 9, 2022

dianagarcia

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Reply #1 on: May 9, 2022
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hgjjghgjh

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Reply 2 on: May 9, 2022
YES! Correct, THANKS for helping me on my review

xiaomengxian

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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