During recessions, most banks will experience the following: A Their net worth will increase because customers pay off their loans. B Their net worth will decrease because customers will not repay a higher share of loans. C Their net worth will increase because customers will pay a higher share of loans. D A and C
During recessions, most banks will experience the following: A Their net worth will increase because customers pay off their loans. B Their net worth will decrease because customers will not repay a higher share of loans. C Their net worth will increase because customers will pay a higher share of loans. D A and C
Chapter13: Inflation
Section: Chapter Questions
Problem 16SQ
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During recessions, most banks will experience the following:
A | Their net worth will increase because customers pay off their loans. |
B | Their net worth will decrease because customers will not repay a higher share of loans. |
C | Their net worth will increase because customers will pay a higher share of loans. |
D | A and C |
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