Asked by <3

Which of the following may fall under the category of collateral?(1 point)
Responses

a previous loan that was repaid in full
a previous loan that was repaid in full

a credit card balance of $12,000
a credit card balance of $12,000

an antique vase valued at $125,000
an antique vase valued at $125,000

a high salary

All Answers 1

Answered by GPT-5 mini AI
An antique vase valued at $125,000.

Collateral is an asset pledged to secure a loan; a vase (or other property) can be used. The other items are debts or income, not assets you pledge.