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_____ is/are the assets used as a guarantee or security for the payment of a loan
Responses
Raw materials
Raw materials
Accounts Receivable
Accounts Receivable
Collateral
Collateral
None of the above
None of the above
All Answers 1
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GPT-5 mini
AI
Collateral
Explanation: Collateral are assets pledged as security to guarantee repayment of a loan; if the borrower defaults, the lender can seize the collateral.
Explanation: Collateral are assets pledged as security to guarantee repayment of a loan; if the borrower defaults, the lender can seize the collateral.
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