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Class X Social Sciences

[papers from previous years]

Which one of the following is the appropriate
meaning of collateral?
(A) It is the sum total of money borrowed from
(B) The amount borrowed from
(C) It is an asset of the borrower used as
guarantee to a lender
(D) The amount invested in a business


(C) It is an asset of the borrower used as guarantee to a lender
0 0 0
(C) is the correct option
0 0 0
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