Which of the following conditions is not conducive to direct lending-borrowing through financial markets: When monitoring the financial condition of the borrower is fairly easy and low cost the firm borrowing is small and not well known to lenders There is good publicly available information about the borrower When assessing the riskiness of the borrower is relatively easy and low cost
Which of the following conditions is not conducive to direct lending-borrowing through financial markets: When monitoring the financial condition of the borrower is fairly easy and low cost the firm borrowing is small and not well known to lenders There is good publicly available information about the borrower When assessing the riskiness of the borrower is relatively easy and low cost
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter4: Going Into Debt
Section: Chapter Questions
Problem 7AA
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Which of the following conditions is not conducive to direct lending-borrowing through financial markets:
When monitoring the financial condition of the borrower is fairly easy and low cost
the firm borrowing is small and not well known to lenders
There is good publicly available information about the borrower
When assessing the riskiness of the borrower is relatively easy and low cost
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