13. What do you call a person who guarantees to pay for someone else's financial
obligation if the borrowers fail to do so?
a. amortization
b. collateral
c. guarantor
d. mortgage
obligation if the borrowers fail to do so?
a. amortization
b. collateral
c. guarantor
d. mortgage
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Answer:
C. Guarantor
He or she will be the one to promise to pay to the person who has a debt.