Question

Which one of the following options describe "Collateral?
A. Double coincidence of wants
B. Certain products for barter
C. Trade in barter
D. Asset as guarantee for loan
​

Answer 1

Explanation:

These include checking accounts, savings accounts, mortgages, debit cards, credit cards, and personal loans., he may use his car or the title of a piece of property as collateral. If he fails to repay the loan, the collateral may be seized by the bank, based on the two parties' agreement

Answer 2

Answer:

D. asset as guarantee for loan