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Which of the following factors contributed to the problems that banks began to face during the 1960s and 1970s?
Newly Industrializing Countries
Countries that are transitioning from primarily agricultural to primarily industrial sector economies, experiencing rapid economic growth and development.
Less Developed Countries
Nations with a lower level of income, industrialization, and modernization compared to more developed countries.
Productivity
A measure of the efficiency of production, often calculated as the ratio of outputs to inputs in a given time period.
Productivity Growth
An increase in the efficiency of production in an economy, typically measured by the output of goods and services per unit of input, such as labor or capital, over time.
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