C Secure https://bbhosted.cuny.edu/webapps/assessment/take/launch.jsp?course_assessment id1io3958, D. 4396, lower, fixed cost of funds c. 25%, higher, variable cost of funds O d, 25%, higher, fixed transaction cost QUESTION 2 Microfinance clients cannot repay loans with more than their current (unpredictable) income. This is an example of 0 a. Limited Liability O b. Sixteen Decisions OC. Agency Problems o d. Production function QUESTION 3 Which of the following creates Ex Post Moral Hazard as it relates to microloans? O a. None of the above Ob. Borrower can earn a higher wage elsewhere c.Borrower can claim lower profits than were actually earned on product sales Od. Profits are lower than principle and interest payment to lender