AAFM Chartered Wealth Manager (CWM) Global Examination GLO_CWM_LVL_1 Question # 113 Topic 12 Discussion

AAFM Chartered Wealth Manager (CWM) Global Examination GLO_CWM_LVL_1 Question # 113 Topic 12 Discussion

GLO_CWM_LVL_1 Exam Topic 12 Question 113 Discussion:
Question #: 113
Topic #: 12

The presence of _____ in financial markets leads to adverse selection and moral hazard problems that interfere with the efficient functioning of financial markets.


A.

non-collateralized risk


B.

free-riding


C.

asymmetric information


D.

costly state verification


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