Which of the Following Is True of Loan Collateral

question 50

Multiple Choice

Which of the following is true of loan collateral?

• A)Loans secured by collateral always have higher finance charges than unsecured loans.
• B)Collateral is an item of value used to secure the principal portion of a loan.
• C)Collateral is always required by banks to lend to customers with good credit ratings.
• D)Collateral is an item of value used to secure the interest portion of a loan.
• E)Loans are secured by collateral that is readily marketable at a price high enough to cover the interest portion of the loan.

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Drug and Alcohol Testing

Procedures employed by employers or organizations to detect substance abuse among employees or members, often to ensure workplace safety and compliance with laws.

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A federal law in the United States that prohibits discrimination on the basis of pregnancy, childbirth, or related medical conditions.

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