Explain why lenders charge lower interest rates on secured loans than on unsecured loans.
Standard detail
MC.2b
Depth 2Parent ID: 316F82D68CC94F51B81CC8F7AD798EDDStandard set: 12th Grade
Original statement
Quick facts
- Statement code
- MC.2b
- List ID
- b
- Standard ID
- 3FB164E35F4D4DF3B6F5B711B4BFC4A2
- Subject
- Personal Financial Education (2021)
- Grades
- 12
- Ancestor IDs
- 316F82D68CC94F51B81CC8F7AD798EDD144346CFC0934E42880650959B8B8D42
- Source document
- National Standards for Personal Financial Education
- License
- CC BY 4.0 US