Question

Short note on Financial Crisis point wise​

Answer 1

In a financial crisis, asset prices see a steep decline in value, businesses and consumers are unable to pay their debts, and financial institutions experience liquidity shortages. ... A financial crisis may be limited to banks or spread throughout a single economy, the economy of a region, or economies worldwide

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Answer 2

Answer:

A FINANCIAL CRISIS MAY BE LIMITED TO BANKS OR SPREAD THROUGHOUT A SINGLE ECONOMY,THE ECONOMY OF A REGION OR ECONOMIES WORLDWIDE.