Appropriate collateral for a loan secured under a floating inventory lien is ________.
A) cars
B) granite slabs
C) air conditioners
D) paper clips

Question

Quizplus · Accepted Answer

Floating inventory liens are typically used for items that are sold in the regular course of business, such as office supplies like paper clips. These items have high turnover rates, making them suitable for floating liens.

Appropriate Collateral for a Loan Secured Under a Floating Inventory