Multiple Choice
If you default on your auto loan,your car will be repossessed because it has been pledged as ________ for the loan.
A) interest
B) collateral
C) dividend
D) commodity
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q33: By bundling share purchases of many investors
Q34: A key finding of the economic analysis
Q35: The analysis of how asymmetric information problems
Q36: Which of the following statements concerning external
Q37: In the United States,the government agency requiring
Q39: Property that is pledged to the lender
Q40: Government regulations designed to reduce the moral
Q41: A _ is a provision that restricts
Q42: The concept of adverse selection helps to
Q43: Credit card debt is<br>A)secured debt.<br>B)unsecured debt.<br>C)restricted debt.<br>D)unrestricted