Question: Collateral is Question 5 options: A) property that is pledged to the lender if a borrower cannot make his or her debt payments. B) a

Collateral is

Question 5 options:

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.

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