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(Solved): Which of the following statements is correct? A The problem with the credit market is that rich peo ...
Which of the following statements is correct? A The problem with the credit market is that rich people will always get a loan irrespective of the quality of their project B it is easier for rich people to get loans because they are able to provide equity or collateral ? Banks are described as "too big to fail when their large size makes them safe institutions D Banks that are too big to fail' are careful not to make risky loans E None of the above statements is correct
Answer::: Option b is the correct answer. B.( It is easier for rich people to get loans because they are able to provide equity or collateral ) Explanation:::: 1. Wealthy people get credit easi