Lenders tend to offer lower interest rates to borrowers with high credit scores and higher interest rates

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Lenders tend to offer lower interest rates to borrowers with high credit scores and higher interest rates to borrowers with low credit scores. What does this imply about lenders' willingness to take on risk?

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Microeconomics

ISBN: 978-1259813337

2nd edition

Authors: Dean S. Karlan, Jonathan J. Morduch

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Question Posted: Oct 03, 2018 12:05 PM

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Lenders tend to offer lower interest rates to borrowers with high credit scores and higher interest rates

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Just like individual people businesses are a...View the full answer

Microeconomics

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