25) How are the costs of secured and unsecured loans different?
A) Secured loans impose higher interest rates, so cost more; unsecured loans impose lower interest rates, so cost less.
B) Secured loans require borrowers to pay them back faster, so they have a higher cost; unsecured loans allow borrowers longer to pay them back, so they cost less.
C) Secured loans charge higher fees and cost more; unsecured loans charge lower fees and cost less.
D) Secured loans charge lower interest rates and cost less; unsecured loans charge higher interest rates and cost more.
