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nguyenduong67 nguyenduong67
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6 years ago
One result of asymmetric information about people's ability to repay a loan is that
A) lenders are better off than with perfect information.
B) loans will only be made to people who don't pay them back.
C) a bank could make many loans to people who don't pay them back.
D) banks will not make loans.
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
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Lightman030Lightman030
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nguyenduong67 Author
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