Credit Crunch is... a) Banks lack funds so they are unable to provide credit to the public b) Banks are reluctant to give credit to borrowers even though they have funds c) Banks provide incentives to borrowers with low interest rates d) Banks set high interest rates in order to get the best customers
Credit Crunch is... a) Banks lack funds so they are unable to provide credit to the public b) Banks are reluctant to give credit to borrowers even though they have funds c) Banks provide incentives to borrowers with low interest rates d) Banks set high interest rates in order to get the best customers
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Credit Crunch is...
a) Banks lack funds so they are unable to provide credit to the public
b) Banks are reluctant to give credit to borrowers even though they have funds
c) Banks provide incentives to borrowers with low interest rates
d) Banks set high interest rates in order to get the best customers
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