If you default on your auto loan, your car will be repossessed because it has been pledged as ________ for the loan.
A) interest
B) collateral
C) dividend
D) commodity
Answer: B
If you default on your auto loan, your car will be repossessed because it has been pledged as ________ for the loan.
A) interest
B) collateral
C) dividend
D) commodity
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.