Diversified Lending Is Intended to Minimize Transactions Costs

question 25

True/False

Diversified lending is intended to minimize transactions costs.

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Definitions:

Autonomy

The right or condition of self-governance, especially in the context of making personal health decisions.

Fidelity

The principle of loyalty, faithfulness, and the obligation to keep promises and commitments in professional and personal relationships.

Justice

A principle or concept of moral rightness based on ethics, law, fairness, and equity that also seeks punishment for those who breach these ideals.

Utilitarianism

An ethical theory that determines right from wrong by focusing on outcomes and the greatest happiness for the greatest number of people.