Loans made to consumers by finance companies are typically
A) only for the purchase of cars or boats.
B) at interest rates below those charged by banks for the same type of loan.
C) at interest rates above those charged by banks for the same type of loan.
D) not made for less than $10,000.
C
Economics
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A borrower has information that is not available to a prospective lender; this is an example of:
A. liquidity risk. B. a transfer of risk. C. information asymmetry. D. a wise borrower and an unwise lender.
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