Collateral Is

question 215

Multiple Choice

Collateral is:

• A) a valuable asset that is pledged to a lender to secure a loan.
• B) the cost of shifting workers from declining sectors of the economy to the growing sectors.
• C) the allocation of consumption,work,and leisure across time to maximize well-being.
• D) the tendency for economic activities to be coordinated at common points in time.

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Definitions:

Make Goods

Products or services offered to compensate for a deficiency or to fulfill a previously unmet obligation.

Sell or Lease

The commercial decision to either transfer ownership of a property or product for a price or to grant its use to someone else under a rental agreement.

Liable

Legally responsible for one's actions or obligations, often in the context of paying damages or facing legal consequences.

Harm

Damage or injury to a person or property.