Examlex
Which statement is true?
Great Recession
A significant decline in economic activity across the global economy lasting from late 2007 to mid-2009, considered the worst economic downturn since the Great Depression.
Financial Institutions
Organizations such as banks, credit unions, and insurance companies that provide financial services to consumers and businesses.
Commercial Banks
Financial institutions that offer a wide range of services, including accepting deposits, providing loans, and other investment products.
Fewer Banks
Refers to a situation in the financial sector where the number of banking institutions is reduced, which can affect the competition, availability of credit, and financial stability of an economy.
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