Customers who have long-term relationships with banks
A) pose particular problems with respect to adverse selection.
B) pose particular problems with respect to moral hazard.
C) often obtain credit at a lower rate or with fewer restrictions.
D) are more likely to default or violate restrictive covenants.
C
Economics
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A characteristic of the unemployment rate is that ________
A) it typically goes up in a recession B) it typically goes down in a boom C) it is not clear whether it is a leading or a lagging indicator D) all of the above E) none of the above
Economics
Refer to the cost table below. The firm will produce its output only if the price is at least equal to what minimum level?
The table shows cost data for a firm that is selling in a purely competitive market.
A. $3
B. $4
C. $6
D. $9
Economics