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If information in the financial market is symmetric, this means Borrowers and lenders have perfect information. Borrowers and lenders have the same information about borrowers
If information in the financial market is symmetric, this means Borrowers and lenders have perfect information. Borrowers and lenders have the same information about borrowers projects and prospects. Borrowers would have more information about their projects and prospects than lenders. Lenders have more information about borrowers projects and prospects than borrowers do
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