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
banks
(B) The amount borrowed from
friends
(C) It is an asset of the borrower used as
guarantee to a lender
(D) The amount invested in a business

2

Answers

2015-04-27T14:38:50+05:30
(C) It is an asset of the borrower used asĀ guarantee to a lender
0
2015-04-27T15:55:17+05:30