Social Studies, 30.10.2019 20:31 fy1lqjh

Which best describes the economic impact of defaulting on bank loans?
the economy suffers because banks have less money to loan to others.
the economy suffers because people have less money to spend
the economy suffers because businesses are scared to take out loans
the economy suffers because people are scared to take out loans

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Which best describes the economic impact of defaulting on bank loans?
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