One of the Advantages of the Financial System Is

question 112

Multiple Choice

One of the advantages of the financial system is:

• A)It gathers information about borrowers both before and after they obtain resources
• B)It communicates more information to lenders than borrowers
• C)It eliminates information asymmetry
• D)It makes sure that all information communicated is truthful

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Definitions:

Defamation

The act of damaging the good reputation of someone through false or unjustified statements, either spoken (slander) or written (libel).

Personal Reputation

Personal reputation refers to the common perception of an individual's character and qualities by the general public or a specific community.

Business Interests

Financial stakes or investments in commercial enterprises, reflecting the concerns or involvements a person or company has in the business sector.

Tort

A civil wrong that causes a claimant to suffer loss or harm, resulting in legal liability for the person who commits the tortious act.