If products A and B are complements and the price of B decreases, the Multiple Choice demand for A will increase and the quantity of B demanded will increase. demand for A will decline and the demand for B will increase. amount of B purchased will increase, but the demand curve for A will not shift. demand curves for both A and B will shift to the left.

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan

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