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Question 307 - CTFA discussion

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Collateral is a/an:

A.
An item of value used to secure the interest amount
Answers
A.
An item of value used to secure the interest amount
B.
An item of value used to secure the principle portion of a loan
Answers
B.
An item of value used to secure the principle portion of a loan
C.
An item of value used to secure the credit line of a loan
Answers
C.
An item of value used to secure the credit line of a loan
D.
An item of value used to secure the repayments of a loan
Answers
D.
An item of value used to secure the repayments of a loan
Suggested answer: B
asked 16/09/2024
Salah Dabwan
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