Which of the following are true if you pay only the minimum amount each month towards your credit card bill? a. you will be charged interest on your remaining balance. b. your annual percentage rate will increase. c. you may be in debt for a long time. d. both a and c are true.

The answer is would be d because all credit cards have an interest rate and that will keep going up if you only pay a little bit at a time

I think it's B because once you paid your annual percentage will increase.

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