If the banking industry is unable to review a borrower’s credit history, then the market will experience a bank failure caused by:
A. imperfect information.
B. public goods.
C. perfect information.
D. imperfect competition.
Answer:A
If the banking industry is unable to review a borrower’s credit history, then the market will experience a bank failure caused by:
A. imperfect information. B. public goods. C. perfect information. D. imperfect competition.