Question
1.Deposit insurance program has an embedded moral hazard problem because it offers an incentive by which of the following group not to care how the
1.Deposit insurance program has an embedded moral hazard problem because it offers an incentive by which of the following group not to care how the bank is managed?
_____
A)Insured depositors
B)Uninsured depositors
C)Stockholders
D)Subordinated creditors
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Fundamentals of Corporate Finance
Authors: Richard Brealey, Stewart Myers, Alan Marcus, Devashis Mitra, Elizabeth Maynes, William Lim
6th Canadian edition
978-1259024962
