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Curriculum-aligned learning paths for students in Classes 6-12.

CBSE
Class 10
Social Science
Understanding Economic Development
MONEY AND CREDIT
Question Bank

In banking, what does 'collate...

Single Answer MCQ
Q-00045419

In banking, what does 'collateral' refer to?

1

The interest rate charged on the loan

2

An asset pledged by a borrower to secure a loan

3

The cash reserves a bank holds

4

The fees charged for maintaining an account

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