Lenders generally want borrowers to agree to invest prudently, yet once a loan is made borrowers may use the funds in a highly risky fashion. This leads to the problem of
A) deposit insurance. B) investor selection. C) critical mass. D) moral hazard.
D
Economics
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The transactions approach to measuring money stresses the role of money as a
A) store of value. B) unit of accounting. C) medium of exchange. D) standard of deferred payment.
Economics
If the Phillips Curve exists in reality, what dilemma does this create for fiscal and monetary policies? Explain.
What will be an ideal response?
Economics