Financial Crises Tend to Happen in Pairs or Triplets Because

Multiple Choice

Financial crises tend to happen in pairs or triplets because:

A) a democracy is good in some ways but puts too much financial power in the control of the people.
B) when financial fundamentals such as debt, real GDP, and fiscal discipline are weak, then trade, investment, consumers, business firms, and the financial sector are affected in a number of ways.
C) for there to be a currency crisis, consumer debt must be rising.
D) the central bank usually has everything under control, so crises are generally the fault of greedy firms.