Which of the Following Is True About the Distinction Between

Multiple Choice

Which of the following is true about the distinction between secured and unsecured credit?

A) Secured debt is debt that has already been paid, while unsecured debt has not yet been paid.
B) Unsecured debt is expected to be collected, whereas collection of secured debt is doubtful.
C) Secured debt will be collected over a time period of more than one year, while unsecured debt is expected to be collected within one year.
D) Secured debt has collateral associated with it, while unsecured debt has no associated collateral.
E) Secured debt results from a court judgment, whereas unsecured debt results from an agreement between the parties.