Explain what you understand by the following terms: (a). Asymmetric information, (b). Moral hazard, (c). Adverse selection.

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Explain what you understand by the following terms: 

(a). Asymmetric information, 

(b). Moral hazard,

(c). Adverse selection.

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The Economics Of Banking

ISBN: 9789811275050,9789811275074

4th Edition

Authors: Kent Matthew , John Thompson, Tiantian Zhang

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