Honesty and working hard.
Answer:
C. Banks make private loans; their conclusions on who is creditworthy are not made public.
Explanation:
Investors in financial instruments who engage in information collection face a free-rider problem, which means other investors may be able to benefit from their information without paying for it.
Individual investors, therefore, have inadequate incentives to devote resources to gather information about borrowers who issue securities.
Answer: Option C
Explanation: The given question relates to the concept of time value of money which in simple words states that the value of money decreases over time. The value of a dollar today will be less than tomorrow.
Hence if a card holder gets grace period to pay the interest before the interest accrues than it means he actually gets to pay lower interest that he could have paid before.
Hence from the above we can conclude that the correct option is C.
