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Do Homework - Marbella Mojica Microsoft Edge 0 https/www.mathxl.com/Student/Player-Homework aspx?homeworkld 489143351&tquestionld; ECO 2013 Homework: Problem 1 (Summer) Score: 0.33 of 1 pt 2 of 22 (1 complete) Checkpoint 1 Extra Problem 3 Suppose a person gets a loan from a bank to buy a new home. The borrower is pursuing a O A. self-interest; both self-interest and the social interest O B. self-interest; self-interest C. social interest; social interest O D. both self-interest and the social interest; self-interest nd the bank is pursuing O E. both self-interest and the social interest; both self-interest and the social interest

Explanation / Answer

Answer is A. Self Interest; Both self interest and the social interest.

Explanation:

The individual borrow loan for only personal motive of making his own house

however, the bank is funding for two interest: firstly to generate revenue interest income for itself and secondly to adhere to the country's policy of pursuing the social well being by providing assistance to the citizens for getting their home.

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