Which of the following is true about the distinction between secured and unsecured credit?
A) Secured debt results from a judgment of the court, whereas unsecured debt results from
the agreement of the parties.
B) Secured debt will be collected over more than one year whereas unsecured debt is
expected to be collected within one year.
C) Secured debt is debt that has already been paid, and unsecured has not yet been paid.
D) Secured debt has collateral associated with it, whereas unsecured debt has no associated
collateral.
E) Secured debt is expected to be collected, whereas collection of unsecured debt is doubtful.
D
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