• 2021-04-14
    When the borrower engages in activities that make it less likely that the loan will be repaid, _________ is said to exist.
  • moral hazard

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    • 0

      Because the borrower defaulted on his repayment of the loan, the bank will hold the _____ responsible.

    • 1

      When a firm engages in social actions because of its obligation to meet certain economic and legal responsibilities, it is said to be socially responsive.

    • 2

      When is most likely for a person to make true friends?

    • 3

      It will be less likely that he is able to answer the questions when they get more difficult.

    • 4

      A loan in which the borrower promises to repay the borrowed amount plus a predetermined rate of interest is called a(n) ________.