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2 . With lack of solid information about financial conditions, the failure of one bank can lead to runs on other banks. This is known
With lack of solid information about financial conditions, the failure of one bank can lead to runs on other banks. This is known as: A moral hazard B too big to fail C the contagion effect D adverse selection
With lack of solid information about financial conditions, the failure of one bank can lead to runs on other banks. This is known as:
A moral hazard
B too big to fail
C the contagion effect
D adverse selection
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Understanding Financial Statements
Authors: Lyn Fraser, Aileen Ormiston
11th edition
978-0133874037
