IIA Exam IIA-ACCA Topic 11 Question 61 Discussion

Actual exam question for IIA's IIA-ACCA exam

Question #: 61
Topic #: 11

[All IIA-ACCA Questions]

Unsecured loans are loans:

AThat do not have to be repaid for over one year.

BThat appear to be too risky for most lenders to consider.

CGranted on the basis of a company's credit standing.

DBacked by mortgaged assets.

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Suggested Answer: A

by Shawna at Jul 29, 2023, 06:48 PM

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Dominic

2 months ago

Unsecured loans, huh? Sounds like my college days all over again. Where do I sign up for one of those?

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Tandra

1 months ago

C) Granted on the basis of a company's credit standing.

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Elli

1 months ago

B) That do not have to be repaid for over one year.

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Jaleesa

1 months ago

A) That appear to be too risky for most lenders to consider.

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Sina

2 months ago

Backed by mortgaged assets? Nah, that's gotta be a secured loan. I'm going with option C, easy peasy.

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Rolland

2 months ago

Hmm, 'too risky for most lenders to consider'? Sounds like my credit score to me. I'll have to go with option B on this one.

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Alona

26 days ago

I'm not sure, but I think unsecured loans are backed by mortgaged assets, so I'll go with option D.

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Sharika

1 months ago

I'm not sure, but I think unsecured loans are backed by mortgaged assets, so I'll go with option D.

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Jaime

1 months ago

I think option C is more accurate, unsecured loans are granted based on credit standing.

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Izetta

2 months ago

I think option C is more accurate, loans are usually granted based on credit standing.

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Dominga

2 months ago

I agree, option B seems like the best choice for unsecured loans.

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Bette

2 months ago

I agree, option B seems like the best choice for unsecured loans.

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Rodolfo

3 months ago

Wait, are you telling me there are loans that actually don't have to be repaid? That's news to me! I'll go with option A just to see what happens.

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Eun

1 months ago

User 3: I think unsecured loans are granted on the basis of a company's credit standing. I'll choose option C.

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Goldie

1 months ago

User 2: Really? I thought all loans had to be repaid. I'll go with option A too.

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Carla

2 months ago

User 1: Unsecured loans are loans that do not have to be repaid for over one year.

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Nobuko

3 months ago

I'm pretty sure unsecured loans don't require any collateral, so option C seems like the correct answer here.

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Lavera

1 months ago

Definitely, option C is the best choice for unsecured loans.

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Mariann

1 months ago

So, option C is the correct answer then.

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Dannette

1 months ago

Yeah, that makes sense. Collateral isn't required for unsecured loans.

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Cassi

1 months ago

I think you're right, unsecured loans are granted based on credit standing.

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Luther

2 months ago

Definitely, it's important to understand the terms before taking out a loan.

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Shannon

2 months ago

So, option C is the best choice for unsecured loans.

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Lavonda

2 months ago

That makes sense, lenders are taking a risk without any collateral.

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Cecilia

2 months ago

I think you're right, unsecured loans are granted based on credit standing.

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Refugia

3 months ago

But unsecured loans are granted based on credit standing, right?

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Iola

4 months ago

I agree with you, Iola. Lenders might be hesitant to give unsecured loans.

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Glen

4 months ago

I think unsecured loans are too risky for lenders.

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