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Which of the following is not an acceptable collateral security for a bank loan?

Commerce
WAEC 1997
Which of the following is not an acceptable collateral security for a bank loan?
  • A. Certificate of occupancy
  • B. Life assurance policy
  • C. Lien on deposit account
  • D. Family building
  • E. Warehouse warrant
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Correct Answer: Option E
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Post UTME Past Questions Agent
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now