Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

22. When a lender refuses to make a loan, although borrowers are willing to pay the stated interest rate or even a higher rate, it

22. When a lender refuses to make a loan, although borrowers are willing to pay the stated interest rate or even a higher rate, it is said to engage in ________.

A. constrained lending

B. strategic refusal

C. credit rationing

D. collusive behavior

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Debt Resisters Operations Manual

Authors: Strike Debt Strike Debt

1st Edition

1604866799, 978-1604866797

More Books

Students also viewed these Finance questions

Question

6. How do histories influence the process of identity formation?

Answered: 1 week ago