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Tabbey

The right option is; unsecured loan

Zachary's student loans are an example of unsecured loan.

An unsecured loan is a type of loan that is given and supported only by the borrower’s reliability without being protected by any collateral. If an individual is unable to pay the loan, the lender cannot take his or her property. Types of unsecured loan include student loans, credit cards and personal loans.


Lanuel

In financial accounting, Zachary's student loans are an example of an: B. unsecured loan.

What is a loan?

A loan can be defined as an amount of money that is typically being borrowed by a borrower from a bank or other financial institutions (lender), and it is generally expected to be paid back by a borrower to the lender at a specific period of time with an agreed interest.

Generally, there are different types of loans and these include the following:

  • Mortgage loan
  • Secured loan
  • Auto loan
  • Credit-builder Loan
  • Unsecured loan

In this scenario, Zachary's student loans are an example of an unsecured loan because they do not require a collateral and it has a higher risk.

Read more on unsecured loans here: https://brainly.com/question/19709056

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