Assets Pledged to Guarantee a Loan Are

question 14

Multiple Choice

Assets pledged to guarantee a loan are:

• A)factored.
• B)collateral.
• C)hypothecated.
• D)assumed.

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Definitions:

World Price

The price at which goods are bought and sold in the global market, influenced by factors such as supply, demand, and trade policies.

Imported Oil

Oil that is brought into a country from abroad for use in domestic markets, often subject to tariffs and trade agreements.

Queuing

The process of people or items lining up in a sequence to await their turn for service or processing.

Nonprice Rationing

The allocation of goods among buyers using criteria other than the price, often seen in situations of shortage like during wartime or in the case of rationed healthcare.