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Question
Which among the following is a form of collateral?
Which among the following is a form of collateral?
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Solution
The correct option is C Vehicle
- Collateral is a type of a security taken by the banks from its customers.
- Usually collateral taken by the banks for lending money to its customers
- Collateral can be in the form of fixed deposit, Vehicle title, property title documents, etc.
The correct option is C
- Collateral is a type of a security taken by the banks from its customers.
- Usually collateral taken by the banks for lending money to its customers
- Collateral can be in the form of fixed deposit, Vehicle title, property title documents, etc.
The correct option is C
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