Assertion(A):Collateral is an asset that the borrower owns and uses this as a guarantee to the lender
until the loan is repaid.
Reason(R):Because, till the loan is repaid the collateral is used as a security.
Option
A)Both A and R are true and R is the correct explanation of A.
B)Both A and R are true but R is not the correct explanation of A.
C)A is correct but R is wrong.
D)A is wrong but R is correct.
Answers
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Answer:
answer is A both assertion and reason are correct you xan see the answer in 10 text book also
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