Multiple Choice
Credit crunches occur when
A) the quantity supplied of credit is greater than the quantity demanded at the prevailing interest rate.
B) the quantity demanded of credit is greater than the quantity supplied at the prevailing interest rate.
C) the quantity supplied of credit is greater than the quantity demanded at all interest rates.
D) the supply of a particular type of credit is greater than demand.
Correct Answer:
Verified
Correct Answer:
Verified
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