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    Exam 10: Credit Market Imperfections: Credit Frictions, Financial Crises, and Social Security
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    The Negative Impact of the Loss of Value of Collateralized
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The Negative Impact of the Loss of Value of Collateralized

Question 22

Question 22

Multiple Choice

The negative impact of the loss of value of collateralized assets is due to


A) asymmetric information.
B) Ricardian Equivalence.
C) limited commitment.
D) financial intermediation through banks.

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