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3 votes
Which item cannot be used to secure a debt?

A. Record collection
B. House
C. Credit card
D. Car

1 Answer

6 votes

Answer:

The answer is credit card.

Explanation:

Credit card cannot be used to secure a debt.

This is because credit cards are themselves a form of debt or loan. The record collection, house and cars are all assets and these can be used as a collateral against loans or debts.

Loans or debts or credit cards cannot be hypothecated against loans.

This is why credit card is the answer.

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