In the aftermath of the financial crisis of 2007-09, it was asserted that one of the causes of the crisis was reckless risk taking by financial institutions.Risk-taking would have been lower if financial institutions had _______ capital before the crisis.Choose from:

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Financial institutions would have been less likely to take reckless risks if they had more capital before the crisis. Capital acts as a buffer to absorb losses and protect the institution's solvency. When capital is low, financial institutions are more likely to take on risky investments in pursuit of higher returns, which increases the likelihood of experiencing losses that could lead to insolvency. By contrast, if institutions have more capital, they are better able to absorb losses and are therefore more likely to be cautious in their investments.

In the Aftermath of the Financial Crisis of 2007-09, It