Business, 23.03.2020 19:59 quinteroalex2001

The use of collateral A. allows banks to charge higher interest rates on loans. B. makes it more costly for borrowers to take advantage of their asymmetric information. C. makes it more costly for lenders to take advantage of their asymmetric information. D. has important tax implications for both borrowers and lenders.

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The use of collateral A. allows banks to charge higher interest rates on loans. B. makes it more cos...