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      Question

      Money-lenders usually demand a ‘security’ from the

      borrower. What is the formal word used for the ‘security’, such as land, vehicle, livestock, building, etc.?
      A Deposit Correct Answer Incorrect Answer
      B Collateral Correct Answer Incorrect Answer
      C Credit Correct Answer Incorrect Answer
      D Guarantee Correct Answer Incorrect Answer

      Solution

      The correct answer is B

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