Gustavo is a young doctor who lives in a country with a relatively inefficient legal and financial system. As a result, when he applied for a bank loan to set up his clinic, the bank required collateral worth 300% of the requested loan amount. Comment in your own words on the following questions (please be brief and to the point): a. b. C. Why did the bank ask for that much collateral? (Give at least TWO reasons) What are the likely consequences for the overall economic and business activities in the country? What can the government and the regulators of that country do to improve conditions