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    Exam 8: Why Do Financial Crises Occur and
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    The Process of Deleveraging Refers to
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The Process of Deleveraging Refers to

Question 15

Question 15

Multiple Choice

The process of deleveraging refers to


A) cutbacks in lending by financial institutions.
B) a reduction in debt owed by banks.
C) both A and B.
D) none of the above.

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