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A Main Difference of U

Question 3

Multiple Choice

A main difference of U.S. financial crisis in year 2008-09 from crises in emerging market economies such as Mexico is that:


A) U.S. financial crisis have not resulted in substantial bank failures.
B) U.S. financial crisis tend to be of shorter duration.
C) speculative currency attacks have not played a dominant role in U.S. financial crisis.
D) U.S. authorities have not permitted insolvent financial institutions to stay in operation.

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