You are a loan officer who makes credit decisions. Which of the following items do you consider as market-specific factor(s)? Select one or more: a. Whether the reputation of the borrower justifies creating an implicit contract b. Whether there is suitable property to pledge as collateral c. The effect of the position of the economy in the business cycle phase on the probability of borrower default. d. Tight monetary policies and high interest rates and their effect on the ability of borrowers to seek alternative funding