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What is collateral?
A. a finance charge
B. a specific type of home loan
C. an asset or group of assets that are linked to a loan
D. a down payment

Respuesta :

debmc7

Answer:

C. An asset or group of assets that are linked to a loan

Explanation:

Collateral is something the bank can take/repossess to sell and get back the money they loaned you if you don't repay your loan. Cars and houses are great examples of this.
Answer is C an asset or group of assets that are linked to a loan

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