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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
How does money act as a medium of exchange?
How do the deposits with banks become their source of income?
How can money easily exchange it for goods or services? Give example to explain.
Describe the vital and positive role of credit with examples.
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How does money solve the problem of double coincidence of wants? Explain with an example.
Explain with examples how people are involved with the banks.
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Analyse the role of credit for development.
How does the use of money make it easier to exchange things? Give an example.
