Economics B A-Level
Unsecured loans
What Unsecured loans means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Unsecured loans
Check what you remember
Read the wording for your board, then hide it and explain Unsecured loans in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
Loans such as credit cards that are not backed by collateral and carry higher interest rates because the risk to the lender is greater.
Topics that use Unsecured loans
- Role of banks in the economy (Pearson Edexcel A-Level)
Related terms
- Business investment
- Collateral
- Consumer spending
- Credit provision
- Economic growth
- Financial intermediation
- Interest rates
- Saving
Using Unsecured loans in the exam
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