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Which of the following statements on collateral is NOT correct? Assets that are easy to value and transfer are good collateral to take. Collateral can

Which of the following statements on collateral is NOT correct?

Assets that are easy to value and transfer are good collateral to take.

Collateral can be used as the main determinant of a credit decision.

Assets including land, buildings, inventory, and machinery can be used as collateral to secure debt.

The location of the assets needs to be considered when assessing the collateral.

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