When creating a filing system for your information, what order are the categories presented for the most efficient access to the information? A. Current accounts, insurance policies, on-going and current information, legal documents and official records

B. Legal documents, insurance policies, current accounts, on-going and current information and official records

C. On-going and current information, current accounts, insurance policies, official records and legal documents

D. Insurance policies, official records, legal documents, on-going and current information and current accounts​

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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