Loans that are secured by collateral have lower interest rates than unsecured loans because they are less risky to lenders.
Standard detail
MC.2
Depth 1Parent ID: 144346CFC0934E42880650959B8B8D42Standard set: 12th Grade
Original statement
Quick facts
- Statement code
- MC.2
- List ID
- 2
- Standard ID
- 316F82D68CC94F51B81CC8F7AD798EDD
- Subject
- Personal Financial Education (2021)
- Grades
- 12
- Ancestor IDs
- 144346CFC0934E42880650959B8B8D42
- Source document
- National Standards for Personal Financial Education
- License
- CC BY 4.0 US