which best describes the economic impact of defaulting on bank loans? the economy suffers because banks have…
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.
Answer
Answer:
The economy suffers because banks have less money to loan to others.
Brief Explanations:
Cuando alguien incumple con un préstamo bancario, el banco pierde dinero. Esto reduce los fondos disponibles para futuros préstamos, lo que afecta la circulación de fondos en la economía.