Collateral can be beneficial for borrowers when applying for a loan by a. offering lenders additional financial gain if borrowers defaults on their loans
b. lessening the total loan amount, making it easier for borrowers to be approved
C. giving lenders protection against financial loss and more reason to approve loans
d. demonstrating that borrowers have ownership of high-end goods and can obviously make their
loan payments
Please select the best answer from the choices provided.
A
B
C
D