Answered

Find expert answers and community-driven knowledge on IDNLearn.com. Get prompt and accurate answers to your questions from our community of knowledgeable experts.

The _____ refers to the tangible collateral valued higher than the amount of money borrowed.
A. account base
B. personal asset value
C. working capital
D. asset base for loans

Sagot :

The D. asset base for loans refers to the tangible collateral valued higher than the amount of money borrowed.

In the field of business, an asset base for loans can be described as tangible collateral that is displayed to a bank when you wish to take a loan from the bank.

When giving a huge amount of money as loans, the bank needs to consider whether you have valuable assets that will be able to cover the loans in order if you are not able to pay the loan. These assets based on a loan are higher in value than the money you are borrowing from the bank and serve as a basis on which the bank gives you a loan.

To learn more about loans, click here:

https://brainly.com/question/26011426

#SPJ4

Thank you for using this platform to share and learn. Don't hesitate to keep asking and answering. We value every contribution you make. Discover the answers you need at IDNLearn.com. Thank you for visiting, and we hope to see you again for more solutions.