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Suppose there is a new financial company called Easyloan that has just started up. Its strategy is to attract deposits by offering higher deposit rates

Suppose there is a new financial company calledEasyloanthat has just started up. Its strategy is to attract deposits by offering higher deposit rates than the banks, and to make a profit by charging higher loan interest rates than the banks. What problems isEasyloanlikely to face that could affect the success of this strategy?

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