1. Why do lenders ask for collateral while lending
2. Given that a large number of people in our country are poor, does it in any way
affect their capacity to borrow?
blanks choosing the correct option from the brackets.
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Answer: Lenders ask for collateral while lending because if payment of interest and repayment of the principal are not made on time, as the last resort the lenders can sell the collateral assets and recover their money.
Explanation:
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