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प्रश्न
Which one of the following is the appropriate meaning of collateral?
विकल्प
It is the sum total of money borrowed from banks.
The amount borrowed from friends.
It is an asset of the borrower used as guarantee to a lender.
The amount invested in a business.
It is the amount of money borrowed from banks.
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उत्तर
It is an asset of the borrower used as a guarantee to a lender.
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संबंधित प्रश्न
Which one of the following refers to investment?
(A) The money spent on religious ceremonies
(B) The money spent on social customs
(C) The money spent to buy assets such as land
(D) The money spent on household goods
How can money easily exchange it for goods or services? Give example to explain.
Describe the vital and positive role of credit with examples.
Why one cannot refuse a payment made in rupees in India?
What is the meaning of 'barter system'?
Explain with examples how people are involved with the banks.
In situations with high risks, credit might create further problems for the borrower. Explain.
Analyse the role of credit for development.
Explain the meaning of 'Currency'.
How does the use of money make it easier to exchange things? Give an example.
