Final answer:
It is true that the Collateral record allows for the addition of collateral valuations and the ability to track the history of the collateral over time, essential for managing secured loans.
Step-by-step explanation:
True: On the Collateral record, you can indeed add collateral valuations and track the history of the collateral over time. In the context of finance and banking, collateral refers to an asset that a borrower offers to a lender to secure a loan. The collateral record is crucial because it provides detailed information about the asset pledged as collateral, including its valuations at different points in time. Keeping a track of the collateral's valuation is important for both the lender and borrower to ensure that the loan remains properly secured. Moreover, this record-keeping can play a significant role in risk management and decision-making processes within financial institutions.