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14. In the financial capital market, for example, before a bank makes a loan, it undertakes the following to reduce the risk on account of imperfect information:
a. to require a cosigner on a loan
b. the bank conducts a credit check on the individual’s past borrowing
c. yet another approach is to require collateral
d. all of these
14. In the financial capital market, for example, before a bank makes a loan, it undertakes the following to reduce the risk on account of imperfect information:
a. to require a cosigner on a loan
b. the bank conducts a credit check on the individual’s past borrowing
c. yet another approach is to require collateral
d. all of these
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Raushan RajLv8
2 Nov 2020