What is the purpose of requiring that a borrower make a down payment before receiving a loan?

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Financial Markets And Institutions

ISBN: 978-0132136839

7th Edition

Authors: Frederic S. Mishkin, Stanley G. Eakins

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Question Posted: Nov 12, 2012 01:11 AM

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What is the purpose of requiring that a borrower make a down payment before receiving a loan?

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The down payment means that if the borrower chooses not ma...View the full answer

Financial Markets And Institutions

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