The substantial risks taken by financial intermediaries like Sallie Mae because they are effectively insured are examples of what economists refer to as:
a. sub-prime behavior
b. asymmetric information.
c. moral hazard.
d. countercyclical policy.
c
Economics
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Income is considered to be a
A) nontaxable stream of funds. B) flow. C) stock. D) resource.
Economics
According to the quantity theory of money, if the economy were facing inflation, the Federal Reserve Bank could combat it by:
A. decreasing the supply of money. B. increasing the supply of money. C. cutting taxes. D. increasing taxes.
Economics