What is collateral? A. a finance charge B. a specific type of home loan C. an asset or group of assets that are linked to a loan D. a down payment

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asked Oct 12, 2022 204k views

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Anticyclope · Answer 1 · 2022-10-18T16:18:18+0000

Answer:

C. An asset or group of assets that are linked to a loan

Step-by-step explanation:

Collateral is something the bank can take/repossess to sell and get back the money they loaned you if you don't repay your loan. Cars and houses are great examples of this.

What is collateral? A. a finance charge B. a specific type of home loan C. an asset or group of assets that are linked to a loan D. a down payment

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