In the Early 1990s Banking Crises Occurred in Finland, Sweden

question 206

Multiple Choice

In the early 1990s banking crises occurred in Finland, Sweden, and Japan because:

• A)of real estate bubbles in each country.
• B)the central banks of these countries were prohibited from conducting monetary policy.
• C)the value of the euro fell to historically low levels.
• D)there were many runs on banks.

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Definitions:

Impure Mixtures

Combinations of two or more substances that are not chemically bonded together and can be separated by physical means.

Compute

To carry out mathematical or logical operations on data in order to obtain a result, often associated with the use of computers or calculators for complex calculations.

Kinetic Energy

Kinetic energy is the energy that an object possesses due to its motion, calculated as one-half the mass of the object times the velocity squared.

High Versus Low

A comparative context often used to differentiate between two extremes, such as temperature, pressure, elevation, or density.