Assume That a Particular State Has Decided to Outlaw the Sharing

question 31

Multiple Choice

Assume that a particular state has decided to outlaw the sharing of individuals' credit histories as an illegal invasion of privacy. As a result of this action we would expect the:

• A) cost of borrowing money to rise.
• B) number of loans to unworthy credit risks to rise.
• C) problems of asymmetric information to become more severe.
• D) all of the above
• E) none of the above

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Definitions:

1970

A year marked by significant global and national events, considered part of the late 20th century historical context.

Dual-Income Families

Households in which both partners earn income from employment, becoming increasingly common in modern societies.

Paid Family Leave

An employee benefit that provides paid time off work to care for a family member or for childbirth or adoption.

Work Week

The standard period of time during which work is done, usually defined as Monday through Friday, totaling approximately 40 hours in many countries.