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Which one of the following is the appropriate meaning of collateral?
Social Science
Money and Credit
Question
Updated
19 Aug 2026
Which one of the following is the appropriate meaning of collateral?
A
Choose Your Answer
A
It is the sum total of money borrowed from banks.
B
The amount borrowed from friends.
C
It is an asset of the borrower used as guarantee to a lender.
D
The amount invested in a business.
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