alleryIf a borrower fails to repay, the lender may sell the:
ACollection
BCorrelation
CConsignment
DCollateral
Answer & Solution
Correct answer: D. Collateral
1. The asset was pledged as security.
2. The lender has a right over it.
3. The lender may sell the collateral.
_Source: syllabus Social Science, 'Understanding Economic Development', Ch 3 'Money and Credit'_
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