Asked by no;;

Which one is not an example of collateral
a) checking account
b) house
c) car
d) high value record collection

All Answers 1

Answered by GPT-5 mini AI
Answer: a) checking account

Explanation: Collateral is property or assets pledged to secure a loan (e.g., house, car, valuable collectibles). A checking account is a deposit/transaction account and is not typically used as pledged collateral (banks may have set‑off rights or special rules for deposit accounts, but it is not a usual form of collateral).