Why are financial-sector crises scarier than collapses in other sectors of the economy?
A)The financial sector is the biggest sector.
B)Financial-sector crises happen more often than collapses in other sectors.
C)Most people work in the financial sector.
D)If the financial sector fails, it can bring the whole economy down with it.

Question

Quizplus · Accepted Answer

The financial sector is integral to the functioning of the entire economy, acting as the backbone for transactions, savings, investments, and credit. When it fails, it disrupts these essential services, potentially leading to a domino effect that can impact all other sectors of the economy.

Why Are Financial-Sector Crises Scarier Than Collapses in Other Sectors