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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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