The phrase _____ describes a financial institution so central to that financial system that policymakers will not allow it to enter bankruptcy.

Name: The phrase _____ describes a financial institution so central to that financial system that policymakers will not allow it to enter bankruptcy.
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Question

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The phrase "too big to fail" refers to financial institutions that are so large and interconnected that their failure would be disastrous to the economy, prompting government intervention to prevent bankruptcy.

The Phrase _____ Describes a Financial Institution So Central to That