The interest rate charged on a secured short-term loan to a corporation is typically __________the interest rate on an unsecured loan.
A) lower than
B) the same as
C) higher than
D) unrelated to

Question

Quizplus · Accepted Answer

The interest rate on a secured short-term loan is typically higher than an unsecured loan due to the increased security provided by the collateral.

The Interest Rate Charged on a Secured Short-Term Loan to a Corporation