Business, 07.03.2020 01:01 Angel13613
Why would a bank require a borrower to have collateral or a cosigner before agreeing to lend funds?
A. discourages some borrowers from asking for a loan
B. reduces risk associated with imperfect information
C. both act like a service contract in the goods market
D. complicates the process to discourage risking borrowers
Answers: 1
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