The First Element of a Financial Crisis Is

question 156

Multiple Choice

The first element of a financial crisis is

• A)inflation.
• B)a decline in confidence in financial institutions.
• C)a relaxation of rules and regulations that pertain to the financial system.
• D)a large decline in some asset prices.

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Definitions:

Home Permits

Refers to the official approvals or licenses issued by local government agencies allowing for the construction, renovation, or major alteration of a house or residential building.

Resellers

Businesses that purchase products from manufacturers or wholesalers and then sell them to consumers or other businesses.

Reseller

Marketing intermediary that resells manufactured products without significantly altering their form.

Buying Center

The group of people typically responsible for the buying decisions in large organizations.