When there is an asymmetric information problem in the credi…

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When there is аn аsymmetric infоrmаtiоn prоblem in the credit market

Finаl Exаm InstructiоnsThursdаy 7/9 frоm 6:00pm - 7:30pmThis is a clоsed-book, open-notes only examination.Notes are limited to no more than 2 written pages of notes (either 2 pages with notes written on one side of each page, or 1 page with notes written on front and back).You may not communicate with anyone or any other resource (including, but not limited to, print or electronic or web resources) in any way in completing this exam. This restriction prohibits discussion and/or sharing with or from others – electronic or otherwise -- of notes or insights or other materials.You will have 90 minutes to complete the exam.There are 25 multiple choice questions below.Each question is worth 4 points – no partial credit.Remember: choose the best answer for each question, assume only the facts provided, and answer only what is asked.Good Luck!!