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Unit 4 Ch 3 : Money and Credit — Social Studies STD 10 — Question

CBSE BoardEnglish MediumSTD 10Social StudiesUnit 4 Ch 3 : Money and Credit1 Mark
MCQ
Sometimes lenders demand against loan :
  • A
    Payment
  • B
    Cheque
  • C
    Draft
  • ✓
    Collateral
✓

Answer

Correct option: D.
Collateral
Collateral is the security which lenders demand against loans.

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