An unsecured loan is backed by something of value to ensure payment.
Correct Answer:
Verified
Q1: In order to operate, a bank must
Q2: A consumer loan is an example of
Q3: Stockbrokers, finance companies, and insurance companies are
Q4: Rather than making payments using paper checks,
Q5: An endorsement on a check must be
Q7: When borrowing $5,000 to purchase a new
Q8: Although it was once illegal, banks are
Q9: The federal government encourages people to use
Q10: A savings account usually earns a lower
Q11: A certificate of deposit allows deposits and
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