Question

Which of the following is an example of collateral used for borrowing?

a) Property b) Deposits with banks c) Livestock d) All of these​

Answer 1

Answer:

d) all of these

Explanation:

because if any government wants collateral --property,deposits with banks,livestock etc are used for borrowing!

Answer 2

The answer is (d) All of these.

• Bank collateral is a specific object that is used as security for borrowing.
• Property is used as a bank collateral security that ensures that when the loaner is unable to pay his loan, the bank will take over the property and sell it to realise the money that he had lent.
• Deposits with the banks and Livestock are also some objects that are commonly kept as collateral in banks for borrowings.