The economic hardship resulting from a financial crises is severe,however,there are also social consequences such as
A)increased crime.
B)difficulty getting a loan.
C)currency devaluations.
D)loss of output.

Question

Quizplus · Accepted Answer

Financial crises often lead to increased crime rates as people become desperate to make ends meet and resort to criminal activities.

Answer: B
 As the economy suffers and banks become more cautious about lending, it can become difficult for individuals and businesses to obtain loans.

Answer: C
 Currency devaluations are a possible consequence of financial crises but do not necessarily have direct social consequences.

Answer: D
 Loss of output is an economic consequence of financial crises and may result in unemployment and reduced economic activity but does not necessarily have direct social consequences.

The Economic Hardship Resulting from a Financial Crises Is Severe,however,there