When property rights are well defined and inexpensive to enforce,________.
A) collateral is an efficient solution to asymmetric information problems
B) little or no collateral is needed to secure a loan
C) banks become less dominant among intermediaries
D) poor borrowers are at no disadvantage relative to wealthy borrowers
Correct Answer:
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Q37: Of all financial intermediaries,which of the following
Q38: Which of the following is an example
Q39: Assume that the riskiest individuals in a
Q40: Suppose you have money to lend,but will
Q41: Banks are most dominant in the financial
Q43: Screening and monitoring are costly activities.Why is
Q44: The tyranny of collateral _.
A)suggests that government
Q45: Moral hazard and adverse selection are the
Q46: Deposit insurance can lead to _.
A)an increase
Q47: From the perspective of households and businesses
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