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17. Relative to secured debt, unsecured debt is riskier for lenders because: A. it will have a much longer term to maturity B. it is
17. Relative to secured debt, unsecured debt is riskier for lenders because: A. it will have a much longer term to maturity B. it is issued by the government rather than corporations C. the interest charged is lower, meaning sometimes lenders of unsecured debt make losses D. unsecured debt has floating interest rates, whereas secured debt has fixed interest rates E. the lender does not have recourse to the borrower's assets in the event of the borrower's defaults
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