Assume that the government sets a binding price ceiling on the interest rate that banks charge on loans. Explain carefully the impact of this policy on the financial

Economics:
10th Edition
ISBN:9781285859460
Author:BOYES, William
Publisher:BOYES, William
Chapter31: Capital Markets
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  1. Assume that the government sets a binding price ceiling on the interest rate that banks charge on loans. Explain carefully the impact of this policy on the financial markets
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