Contagion refers to a country's financial crisis spreading to other countries through the banking system.

Name: Contagion refers to a country's financial crisis spreading to other countries through the banking system.
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Question

Contagion refers to a country's financial crisis spreading to other countries through the banking system. ​

Quizplus · Accepted Answer

Contagion is the term used to describe the spread of a financial crisis from one country to other countries through interconnected financial systems, such as the banking system. This can lead to a global financial crisis with severe economic consequences.

Contagion Refers to a Country's Financial Crisis Spreading to Other