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For crisis stability to have its desired effect, the most important condition is to maintain a
Savings Account
A bank account where money is kept for savings purposes, offering interest on the deposited funds.
Precautionary Cash Balances
Precautionary cash balances refer to money held by both businesses and individuals to meet unexpected expenses or financial emergencies.
Unexpected Expenditures
Expenses that were not planned or budgeted for, often requiring immediate payment.
Risk-Averse
A description of an investor or decision-maker who prefers to minimize uncertainty or potential loss, favoring safer over riskier options.
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