The first three elements of a financial crisis are correctly represented as taking place in the following order:
a. large decline in some asset prices ? insolvencies at financial institutions ? decline in confidence in financial institutions
b. insolvencies at financial institutions ? decline in confidence in financial institutions ? large decline in some asset prices
c. insolvencies at financial institutions ? economic downturn ? credit crunch
d. insolvencies at financial institutions ? credit crunch ? economic downturn
a
You might also like to view...
People learn to hold a specific quantity of money for the groceries, theater tickets, gasoline, clothes, film, and other items they habitually purchase. This behavior is representative of the:
a. precautionary demand. b. speculative demand. c. transactions demand. d. volatility demand. e. liquidity demand.
One of the main differences between PPOs and HMOs is that:
A. HMO physicians charge on a traditional fee-for-service basis, while PPO physicians do not. B. HMOs are usually for-profit organizations, whereas PPOs are not. C. PPOs employ their own doctors, whereas HMOs do not. D. PPO physicians charge on a traditional fee-for-service basis, while HMOs do not.