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A credit crunch occurs when Select one: a. banks do not lend as they ordinarily would, but rather have much higher requirements for borrowers to

A credit crunch occurs when Select one: a. banks do not lend as they ordinarily would, but rather have much higher requirements for borrowers to qualify for loans than normal. b. inflation rises, driving up interest rate near their legal ceiling, causing people to pull their funds out of banks. c. regulators pressure banks to increase loans to under-served groups in society. d. government officials force banks to lend in areas where they wish to establish branches

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