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