Question

ich
Bert influence
17. What are the modern forms of money? Why is the
rupee widely accepted as a medium of exchange?
Delhi 2013
18. Why do lenders ask for collateral while lending​

Answer 1

Answer:

hi

Explanation:

18. 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.

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