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Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364

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BuyFindarrow_forward

Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364
Textbook Problem

Why are banks more willing to lend to well-established firms?

To determine

The reasons for banks being more willing to lend money to well-established firms are to be determined.

Explanation

Every bank while lending the money checks the four C's of credit.

Collateral (business assets which can be liquidated in case of non payment),

Capital (money/cash/personal assets of owner),

Capacity (to pay back money),

Character (good credit ra...

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