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Question
Which of the following is true of a banking crisis?
A. Individuals and companies withdraw their deposits from banks.
B. It results in a sharp appreciation in the value of the currency.
C. It happens due to a decline in domestic borrowing.
D. It occurs due to asset price deflation.
E. Banks tend to decrease interest rates during a banking crisis.
Answer
This answer is hidden. It contains 416 characters.
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