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How are the costs of secured and unsecured loans different?

Question options:

A secured loan typically has lower interest rates costing less; an unsecured loan typically has higher interest rates costing more.


A secured loan is typically associated with a lower fee schedule and so costs less; unsecured loans typically have a higher fee schedule and so they cost more.


Secured loans generally have longer repayment terms and cost more; unsecured loans generally have shorter repayment terms and cost less.


Secured loans usually carry a higher interest rates and cost more; unsecured loans usually have lower interest rates and cost less.