Which of the Following Is Not Usually Used as Collateral

question 28

Multiple Choice

Which of the following is not usually used as collateral for a loan?

• A) A boat
• B) Clothing
• C) A car
• D) A house

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Definitions:

Category Killer

A large retail store specializing in a particular product category, dominating the market and often driving smaller retailers out of business.

General Merchandise Store

Retail establishments offering a wide range of products from various categories including clothing, housewares, and groceries.

Value Outlet

A retail store that offers products at lower prices by reducing overhead costs and offering goods that provide value for money.

Focused Merchandise Stores

Retail outlets that specialize in a specific type of product or market niche, aimed at catering to specific customer needs.