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What Are the Benefits of a Well-Functioning Financial System? What

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What are the benefits of a well-functioning financial system? What are the costs of a financial crisis?


Definitions:

Advantages

Benefits or favorable factors that contribute to success or achieving a goal.

Potential Disadvantages

Possible negative outcomes or drawbacks that may arise from a particular action, decision, or situation.

Life Cycle

The sequence of stages or phases that an organism, product, or service goes through from its inception to its termination or death.

Stages

Distinct phases or steps within a process or lifecycle, each characterized by unique features, challenges, or goals.

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