select the correct answer. what is the security for the repayment of a secured loan called? a. percentage b…

select the correct answer. what is the security for the repayment of a secured loan called? a. percentage b. collateral c. interest

select the correct answer. what is the security for the repayment of a secured loan called? a. percentage b. collateral c. interest

Answer

Answer:

B. collateral

Brief Explanation:

In finance, collateral is the security for repayment of a secured loan.