Countries with ________, such as Canada, were able to weather the financial storm of 2008 almost unaffected.

Question

Quizplus · Accepted Answer

Strong banking regulation can help prevent financial crises and provide stability to the financial system. Countries that had stronger banking regulations, such as Canada, were able to better weather the financial crisis of 2008. Countries with more capital reserves or more stable governments may also be better equipped to handle financial crises, but these factors alone may not be sufficient. Countries with marginal economic systems may be more vulnerable to financial crises.

Countries with ________, Such as Canada, Were Able to Weather