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    Macroeconomics Study Set 39
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    Exam 13: The Open Economy Revisited: the Mundell-Fleming Model and the Exchange-Rate Regime
  5. Question
    "Crony Capitalism" Refers to Situations in Which Banks Make Loans
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"Crony Capitalism" Refers to Situations in Which Banks Make Loans

Question 45

Question 45

Multiple Choice

"Crony capitalism" refers to situations in which banks make loans to those borrowers with the most:


A) profitable investment projects.
B) political clout.
C) ability to repay the loans.
D) creditworthy borrowers.

Correct Answer:

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