1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kirill115 [55]
3 years ago
7

Why do lenders require collateral for a secured loan? (10 points)

Business
1 answer:
Vanyuwa [196]3 years ago
6 0

Answer:

A) It reduces risk to the lender

Explanation:

Collateral refers to a valuable asset that a borrower offers to the lender to secure a loan. Typically, the collateral will have a higher market value than the loan amount. Asset mostly used as collateral include homes, properties, and motor vehicles. The lender will keep custody of the title documents until the borrower repays full amount borrowed.

Offering collateral for a loan indicates the borrower's willingness to repay the loan. The lender is assured of recovering their money. If the borrower defaults, the lender will dispose of the collateral to recover their money. This reduces the lender's risk.

You might be interested in
When you purchase an item,
Sunny_sXe [5.5K]

Answer:

it would be C bc they sold something

4 0
2 years ago
Expensive, high-quality products that are purchased infrequently often reach consumers through________.a. selective distribution
Lilit [14]

Answer:

b

Explanation:

highly-selective distribution.

6 0
3 years ago
What does neglect include
labwork [276]

Answer:

The failure to provide adequate supervision, health care, clothing, or housing, as well as other physical, emotional, social, educational, and safety needs.

4 0
3 years ago
One investigating company tracked all credit card purchase during 2012 and measured two variables: (1) the type of credit card u
Sergeeva-Olga [200]

The level of each variable measured is (1)  the type of credit card is Nominal variable or a categorical variable which comes under multiple categories.(2) the amount (in dollars) of each purchase is ration variable it can have both discrete it starts at a fixed zero point.

Explanation:

  • There are four levels of measurement, while analyzing data of columns.
  • Nominal,Ordinal, Interval and ratio.
  • Nominal each row of that particular column has specific identification.
  • Nominal can have classification race,gender,ethnicity.
  • Ordinal data is based on the ranking system, order or list.
  • Numbers are still used arbitrary.
  • Interval distance between the numbers Celsius,Fahrenheit and kelvin.
  • Ratio data has an absolute zero point non-arbitrary, It is measuring .
  • Blood pressure is a common example of ratio data.
3 0
3 years ago
What was the initial problem in this case?
salantis [7]

Answer:

The initial problem of this question is you left out a bunch of context of what you are asking about.

Explanation:

learn how to use this website please.

8 0
3 years ago
Other questions:
  • ​if an employee feels she is underpaid for the effort she exerts, she will probably:
    10·1 answer
  • Allowance for Doubtful Accounts has a debit balance of $1,100 at the end of the year (before adjustment), and an analysis of cus
    7·1 answer
  • Arjun has joined a work team that assembles products. What is the best way for Arjun to build the team's trust in him?
    8·2 answers
  • Suppose pizzas and burgers are substitutes. If the price of pizza increases, what happens in each market?
    12·1 answer
  • Research shows that ________ is the single most important factor for a new product to defeat competitive ones—having superior ch
    9·1 answer
  • Hair World Inc. is a wholesaler of hair supplies. Hair World uses a perpetual inventory system. The following transactions (summ
    5·1 answer
  • A vendor sells hot dogs at $17.00 /piece. For every hot dog he spends $11.23 in the raw material. Additionally he spends $0.90 f
    11·1 answer
  • HELP PLEASE
    10·2 answers
  • Goodnight y’all ! I just wanted to tell y’all that
    7·2 answers
  • Bailey Furniture Company has prepared the following flexible budget for April and is in the process of interpreting the variance
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!