A large, high-value record collection typically cannot be used as collateral for a loan. While some lenders may accept certain valuable collectibles, they generally prefer more liquid and easily valued assets like houses, cars, or bank accounts. Therefore, among the options given, the record collection is the least likely to be accepted as collateral.
Which item CANNOT be used as collateral for a loan?
(1 point)
Responses
house
house
large, high-value record collection
large, high-value record collection
bank account
bank account
car
1 answer
1 answer