In the Early Stages of the Banking Crisis in the 1980s,financial

Multiple Choice

In the early stages of the banking crisis in the 1980s,financial institutions were especially hurt by

A) the sharp increases in interest rates from late 1979 until 1981.
B) the severe recession in 1981-82.
C) the sharp decline in the price level from mid-1980 to early 1983.
D) all of the above.
E) only A and B of the above.