Business, 07.03.2020 01:48 alphaaz23415
A borrower who takes out a loan usually has better information about the potential returns and risk of the investment projects he plans to undertake than does the lender. This inequality of information is called:
a) inasymmertric information,
b) adverse selection,
c) noncollaterlized risk,
d) moral hazard
Answers: 2
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