The phrase _____ describes a firm so central to that financial system that policymakers will not allow it to enter bankruptcy.
A) "no bank left behind"
B) "too big to fail"
C) "don't fail, don't bail"
D) "laissez-faire bank"

Question

Quizplus · Accepted Answer

The phrase "too big to fail" is commonly used to describe a firm that is deemed so important to the financial system that the government or policymakers will not allow it to enter bankruptcy.

The Phrase _____ Describes a Firm So Central to That