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:

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Estate Planning

The process whereby an individual decides what to do with his or her real and personal property during and after life.

Living Will

A document in which a person expresses his or her advance directives.

Holographic Will

A will entirely handwritten, dated, and signed by the testator, which in some jurisdictions, is accepted as valid without being witnessed.