Homer wants to borrow money from the Springfield Bank to buy a new trampoline. The bank requires collateral for a loan. What is collateral?
A) a signed statement that the loan will be repaid
B) an increased interest rate for a high risk loan
C) something of value which the bank will receive if the loan is not repaid
D) money deposited in the bank which is greater than the amount of the loan
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Homer wants to borrow money from the Springfield Bank to buy a new trampoline. The bank requires collateral for a loan. What is collateral? ...” in 📙 History if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
What did Muhammad preach about wealth
Answers (1)
What term is used to describe government officials who use their office to gain wealth and power for themselves instead of serving the public?
Answers (1)
Topic 5 assesment world histori
Answers (1)
How did china address the growing issue of overpopulation? How affective was this solution? (List positive and negatives)
Answers (1)
The Sumerians built pyramid shaped temples in each city-state dedicated to the gods and goddesses that were known as A) palaces. B) shrines. C) towers. D) ziggurats.
Answers (2)
New Questions in History
Summerize the definition of genocide
Answers (2)
What was the significance of the Immigration Acts of 1921 and 1924?: A they limited immigration from Mexico for the first time. B they created a category of "special immigrants," which included relatives of U. S. citizens living abroad.
Answers (1)
A thin peninsula called a spit extends beyond the bluffs of the outer beach on cape cod. what has caused this spit to form?
Answers (2)
In which Andean country are there more indigenous people than mestizos? A. Bolivia B. Chile C. Ecuador D. Peru
Answers (1)
Disputes between byzantine christians and the pope led to which? replacement of the pope with a patriarch warfare between the byzantine and roman empires replacement of the patriarch with a pope a schism in the christian church
Answers (1)