Interest rates on ____ are typically lower than on any other form of consumer credit.
A) travel and entertainment cards
B) debit cards
C) credit cards
D) home equity loans
E) unsecured personal credit

Question

Quizplus · Accepted Answer

Home equity loans are secured by the value of the borrower's home, which makes them less risky for lenders. As a result, interest rates on home equity loans are typically lower than on unsecured personal credit or credit cards.

Interest Rates on ____ Are Typically Lower Than on Any