Money-lenders usually demand a ‘security’ from the borrower. What is the formal word used for the ‘security’, such as land, vehicle, livestock, building, etc.?
A. Deposit
B. Collateral
C. Credit
D. Guarantee
Answer:B
Money-lenders usually demand a ‘security’ from the borrower. What is the formal word used for the ‘security’, such as land, vehicle, livestock, building, etc.?
A. Deposit B. Collateral C. Credit D. Guarantee