Commercial banks and thrift institutions:
A. differ because thrifts cannot make loans.
B. differ because thrifts cannot offer checkable deposits.
C. have become less similar in recent years.
D. have become increasingly similar in recent years.
D. have become increasingly similar in recent years.
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A trust game shown in Exhibit 13.13 is a sequential prisoners' dilemma. This means that it is likely that the outcome of the game is not socially efficient. What factors could cause this equilibrium to be different in real life?
What will be an ideal response?
When a lender refuses to make a loan, although borrowers are willing to pay the stated interest rate or even a higher rate, the bank is said to engage in
A) coercive bargaining. B) strategic holding out. C) credit rationing. D) collusive behavior.