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What are Maslow's hierarchy of needs
Bank Failures
Occurrences when a bank is unable to meet its obligations to depositors or creditors and ceases operations, often resulting in regulators seizing the institution.
Great Depression
A severe worldwide economic downturn that took place during the 1930s, marked by massive unemployment and widespread poverty.
Lost Confidence
A situation where consumers or investors become pessimistic about the economic prospects, leading to reduced spending and investment.
Prime Interest Rate
The interest rate that commercial banks charge their most credit-worthy customers, often used as a benchmark for various interest rates.
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