12
QuizMultiple Choice

Principles of Investment — Unit test

Question 12 of 15 • OK-Personal Financial Literacy S1 – EDGNTY-83861 26-27

If a borrower provides collateral and fails to repay the loan,

Answer
A
the borrower may cancel the loan to get the collateral.
B
the lender can sell the collateral to cover losses.
C
the borrower must buy the collateral back.
D
the lender keeps the collateral in case of late payment.
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