Discuss the adverse selection and moral hazard problems using the U.S. subprime mortgage market crisis as an example. Ac

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Discuss the adverse selection and moral hazard problems using
the U.S. subprime mortgage market crisis as an example.
According to modern banking theory, banking functions can be
classified in four main categories:
In your own words, using the material and concepts covered in
this class, explain how banks perform each one of these functions.
Hint: start by defining each function.