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    Question

    Any security provided to the bank in exchange for a loan

    is known as┬а ______.
    A Collateral Correct Answer Incorrect Answer
    B Gurantee Correct Answer Incorrect Answer
    C Mortgage Correct Answer Incorrect Answer
    D Both a and c Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    The correct answer is A

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