Question: Would you expect to pay a higher interest rate for an unsecured loan for $ 2 , 0 0 0 or a secured loan for

Would you expect to pay a higher interest rate for an unsecured loan for $2,000 or a secured loan for the same amount?
Question 8 options:
1)
The secured loan would be at a higher rate.
2)
The unsecured loan would be at a higher rate.
3)
The rate for both would be about the same on average.
4)
The rate for each loan would vary based on inflation.

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