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allsm [11]
3 years ago
12

One of the causes of the financial crisis of 2008 was the connectedness of financial institutions, where financial assets for on

e firm are often debt for other financial institutions. Suppose that some of Storgan Manley's assets lose value as other financial institutions experience financial difficulty. What is this called?
Business
1 answer:
pychu [463]3 years ago
3 0

Answer:

financial crisis

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