When Property Rights Are Well Defined and Inexpensive to Enforce,________

question 64

Multiple Choice

When property rights are well defined and inexpensive to enforce,________.

• A)collateral is an efficient solution to asymmetric information problems
• B)little or no collateral is needed to secure a loan
• C)banks become less dominant among intermediaries
• D)poor borrowers are at no disadvantage relative to wealthy borrowers

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