As "haircuts" increased during 2007-2009, financial institutions found that to borrow the same loan amount now required ________ collateral.

As "haircuts" increased during 2007-2009, financial institutions found that to borrow the same loan amount now required ________ collateral.

As "haircuts" increased during 2007-2009, financial institutions found that to borrow the same loan amount now required ________ collateral.




A) less
B) no
C) more
D) default-free



Answer: C