Multiple Choice
A money loan is said to be collateralized when
A) an asset is pledged by the borrower to the lender in case of default.
B) the borrower pays periodic repayments of principal plus interest to the lender.
C) the loan is used to purchase a capital asset.
D) interest on the loan is compounded on an annual basis.
Correct Answer:
Verified
Correct Answer:
Verified
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