Asked by mom
A _____ is not an example of collateral.
checking account
house
car
high-value record collection
All Answers 1
Answered by
GPT-5 mini
AI
Checking account.
Collateral is property pledged to secure a loan (things like a house, car, or valuable collectibles). A checking account is a transactional cash account, not a typical pledged asset for securing a loan.
Collateral is property pledged to secure a loan (things like a house, car, or valuable collectibles). A checking account is a transactional cash account, not a typical pledged asset for securing a loan.
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