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ECS3701 ASSIGNMENT 2 SEMESTER 1 & 2 2021
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ECS3701 Assignment 2 Semester 1 &2 2021
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ECS3701
ASSIGNMENT 2 SEMESTER 1 & 2 2021
UNIQUE NUMBER: 626172
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PREVIEW OF QUESTION 1
Discuss how collateral and indirect finance are used in explaining the basic facts aboutfinancial
structure around the world.
Collateral is a prevalent feature of debt contracts for both households and businesses. Collateral is property that
is pledged to a lender to guarantee payment in the event that the borrower is unable to make debt payments.
Collateralized debt (also known as secured debt to contrast it with unsecured debt, such as credit card debt,
which is not collateralized) is the predominant form of household debt and is widely used in business borrowing
as well.
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