Multiple Choice Questions on Money lenders usually demand a lsquo security rsquo from the borrower What is the formal word used f........... for 10th Standard Preparation

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Multiple Choice Questions

Money lenders usually demand a lsquo security rsquo from the borrower What is the formal word used f...........

Economics Chapter- 3
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    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.?

    Deposit

    Incorrect Answer

    Collateral

    Correct Answer

    Credit

    Incorrect Answer

    Guarantee

    Incorrect Answer
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