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Ryanteck Ryanteck
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7 years ago
A lender faces a(n) ________ problem when the lender lends funds to a borrower for a specific purpose and the borrower then opportunistically uses the funds for another purpose.
A) external cost
B) free‐rider
C) adverse selection
D) moral hazard
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Akshtsaklani21Akshtsaklani21
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7 years ago
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