Collateral Is A(n)____ That a Borrower Promises to Give to the Bank

question 33

Multiple Choice

Collateral is a(n) ____ that a borrower promises to give to the bank if that borrower is unable to repay the bank's loan.

• A)document
• B)liability
• C)asset
• D)interest payment that a borrower promises to give to the bank if that borrower is unable to repay the

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Definitions:

Affection

A feeling of fondness or love towards someone or something, often displayed through physical closeness or emotional gestures.

Routine

A set of habitual or fixed actions performed regularly, often contributing to discipline or efficiency in daily activities.

Resilient

The capacity to recover quickly from difficulties; toughness, or the ability to bounce back from adversity, trauma, or stress.

Stepfamilies

Families formed when one or both partners in a relationship have children from previous relationships and those children and the new partners live together.