IIA Exam IIA-ACCA Topic 11 Question 61 Discussion

Actual exam question for IIA's IIA-ACCA exam

Question #: 61
Topic #: 11

[All IIA-ACCA Questions]

Unsecured loans are loans:

AThat do not have to be repaid for over one year.

BThat appear to be too risky for most lenders to consider.

CGranted on the basis of a company's credit standing.

DBacked by mortgaged assets.

Show Suggested Answer

Suggested Answer: A

by Shawna at Jul 29, 2023, 06:48 PM

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9 days ago

I'm pretty sure unsecured loans don't require any collateral, so option C seems like the correct answer here.

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21 days ago

But unsecured loans are granted based on credit standing, right?

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24 days ago

I agree with you, Iola. Lenders might be hesitant to give unsecured loans.

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26 days ago

I think unsecured loans are too risky for lenders.

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