Question: Collateral is A ) property that is pledged to the lender if a borrower cannot make his or her debt payments. B ) a prevalent

Collateral is
A) property that is pledged to the lender if a borrower cannot make his or her debt payments.
B) a prevalent feature of debt contracts for households.
C) a prevalent feature of debt contracts for businesses.
D) All of these.
E) only property that is pledged to the lender if a borrower cannot make his or her debt payments and
a prevalent feature of debt contracts for businesses.
Collateral is A) property that is pledged to the lender if

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