A: Collateral alone is called terms of credit. R: Collateral is an asset that the borrower owns and uses this as a guarantee to a lender until the loan is repaid. Options a)Both A and R are true and R is the correct explanation for A. ] b)Both A and R are true and R is not the correct explanation for A. c)A is correct but R is wrong. d)A is wrong but R is correct.
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Answer:
d
Explanation:
is correct
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