One thing is for certain, the average borrower's risk-averse behavior did not contribute to the problems that spiraled out of control and caused the recent banking crisis.

Question

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The average borrower's risk-averse behavior did have some contribution to the banking crisis, as some borrowers took out loans they couldn't afford or engaged in risky lending practices. However, the root causes of the crisis were largely due to factors such as lax lending standards, complex financial instruments, and regulatory failures.

One Thing Is for Certain, the Average Borrower's Risk-Averse Behavior