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MA
Question Practice

What role does collateral play in credit agreements?

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 role does collateral play...

Single Answer MCQ
Q-00015881

What role does collateral play in credit agreements?

1

It secures the loan for the lender

2

It guarantees a profit for the borrower

3

It reduces the interest rate

4

It eliminates the need for repayment

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