26) What is the primary difference between a secured and unsecured loan?
A) A secured loan is repaid over a longer time period; an unsecured loan takes a shorter amount of time to repay.
B) A secured loan has a larger down payment; an unsecured loan has smaller down payments.
C) A secured loan requires two or more cosigners; an unsecured loan only requires one consigner.
D) A secured loan requires collateral; an unsecured loan requires no collateral.
