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MA
Question Practice

What is collateral in a loan agreement?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

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

What is collateral in a loan agreement?

Single Answer MCQ
Q-00045472

What is collateral in a loan agreement?

1

A promise to repay

2

An asset pledged as security

3

The interest rate on the loan

4

The total amount borrowed

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