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5. Which of the following best describes financial crises? A) cause failures of financial intermediaries and leave only securities markets to channel funds from savers

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5. Which of the following best describes financial crises? A) cause failures of financial intermediaries and leave only securities markets to channel funds from savers to borrowers. B) are a recent phenomenon that occur only in developing countries. C) invariably lead to debt deflation O a. A and B only O b. B and C only O c A and only O d. A. B and C O e None of the above

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