All of the Following Would Be Considered Appropriate Collateral for a Long-Term

question 171

Multiple Choice

All of the following would be considered appropriate collateral for a long-term loan except

• A) land.
• B) equipment.
• C) buildings.
• D) inventory.
• E) machinery.

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Definitions:

Anti-Federalists

Individuals and political groups that opposed the creation of a stronger U.S. federal government and the ratification of the 1787 Constitution, advocating for states' powers.

Notes on the State of Virginia

Thomas Jefferson’s 1785 book that claimed, among other things, that black people were incapable of becoming citizens and living in harmony alongside white people due to the legacy of slavery and what Jefferson believed were the “real distinctions that nature has made” between races.

Political Community

A group of people that share the same political system, values, or interests, often characterized by a common government or political organization.

U.S. Constitution

The supreme law of the United States of America, originally comprising seven articles, that delineates the national frame of government.