Why Are Financial-Sector Crises Scarier Than Collapses in Other Sectors

question 8

Multiple Choice

Why are financial-sector crises scarier than collapses in other sectors of the economy?

• A)The financial sector is the biggest sector.
• B)Financial-sector crises happen more often than collapses in other sectors.
• C)Most people work in the financial sector.
• D)If the financial sector fails, it can bring the whole economy down with it.

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Definitions:

Destroyed

Refers to something that is completely ruined or spoiled.

Right

An entitlement or privilege guaranteed by law or moral principle, allowing an individual to perform or refrain from certain actions.

Proved

Demonstrated to be true or verified through evidence, often used in legal contexts or scientific research.

Promissory Note

A written, legally binding promise to pay a specific sum of money at a specified time to a person or entity.