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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Suppose that a monopolistically competitive restaurant is currently serving 260 meals per day (the output where mr
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Robert black, regional manager for ford in texas and oklahoma, faced a dilemma. the ford f-150 pickup truck was the best-selling pickup ever, yet ford's headquarters in detroit had decided to introduce a completely redesigned f-150. how could mr. black sell both trucks at the same time? he still had "old" f-150s in stock. in his advertising, mr. black referred to the new f-150s as follows: "not a better f-150. just the only truck good enough to be the next f-150." this statement represents ford's of the new f-150.
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Noah met an old friend at a coffee shop. he jotted down the friend's new phone number, but later that afternoon he could not find it or remember what he had done with it. a couple of days later, noah went back to the coffee shop, and while waiting in line, he suddenly remembered where he had put the phone number. this is an example of:
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Why would a bank require a borrower to have collateral or a cosigner before agreeing to lend funds?<...
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