Question: how to solve What is the difference between secured and unsecured loans? Choose only ONE best answer. Secured loans are backed by collateral, while unsecured

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What is the difference between secured and unsecured loans? Choose only ONE best answer. Secured loans are backed by collateral, while unsecured loans are not Unsecured loans are backed by collateral, while secured loans are not Secured loans have higher interest rates Unsecured loans are only available to large corporations

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