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Author Question: One result of asymmetric information about people's ability to repay a loan is that: (Read 298 times)

TFauchery

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One result of asymmetric information about people's ability to repay a loan is that:
◦ a bank could make many loans to people who don't pay them back.
◦ lenders are better off than with perfect information.
◦ loans will only be made to people who don't pay them back.
◦ banks will not make loans.


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Marked as best answer by TFauchery on Jul 21, 2019

Dinolord

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TFauchery

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Reply 2 on: Jul 21, 2019
Excellent


Laurenleakan

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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