The Credit Crunch at the Beginning of the 1990-1991 Recession

question 25

Multiple Choice

The credit crunch at the beginning of the 1990-1991 recession is attributable to

• A)banks' concern about the strength of borrowers' balance sheets.
• B)the imposition of credit controls by the federal government.
• C)disintermediation brought about by rising interest rates.
• D)a shift by depositors from bank deposits to other investments.

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Definitions:

Employer-provided Benefits and Services

Compensation given to employees in addition to salary, including health insurance, retirement benefits, and wellness programs.

Gain Benefits

The process or action of obtaining advantages, such as improved health, insurance, or financial gains, usually through employment or negotiation.

Reduce Employee Fatigue

Implementing strategies or measures to decrease exhaustion and improve well-being among workers.

Flexible Benefit Programs

Employee benefit plans that allow individuals to choose from a range of options best suited to their personal needs or situations.