Appropriate collateral for a loan secured under a trust receipt inventory loan is
A) bananas.
B) recreation vehicles.
C) pencils.
D) drill bits.

Name: Appropriate collateral for a loan secured under a trust receipt inventory loan is A) bananas. B) recreation vehicles. C) pencils. D) drill bits.
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Question

Quizplus · Accepted Answer

Recreation vehicles are durable goods with a stable value, making them suitable collateral for a trust receipt inventory loan.

Appropriate Collateral for a Loan Secured Under a Trust Receipt