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valputin valputin
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8 years ago
The S&L Crisis can be analyzed as a principal-agent problem. The agents in this case, the ________, did not have the same incentive to minimize cost to the economy as the principals, the ________.
A) taxpayers; bank managers
B) politicians/regulators; taxpayers
C) bank managers; politicians/regulators
D) taxpayers; politician/regulators
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The Economics of Money, Banking and Financial Markets, Business School Edition

The Economics of Money, Banking and Financial Markets, Business School Edition


Edition: 4th
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Our course uses > The Economics of Money, Banking and Financial Markets
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MeelaMeela
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8 years ago
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valputin Author
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8 years ago
Thank you
Our course uses > The Economics of Money, Banking and Financial Markets
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8 years ago
Great! Happy to be right Face with Stuck-out Tongue
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