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QUESTION 7 Credit risk is: O a. The possibility of borrowing at too high an interest rate. O b. The possibility of a borrower being

QUESTION 7 Credit risk is: O a. The possibility of borrowing at too high an interest rate. O b. The possibility of a borrower being unable to obtain a loan. O c The possibility of a borrower defaulting on loan repayment obligations. O d. None of the above QUESTION 8 Lenders and borrowers have different objectives when establishing a loan contract. O True False

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