Financial Economics multiple choice questions only one alternative is correct to each picture

25) Stage Two of a financial crisis in an advanced economy usually involves a crisis. A) currency B) stock market C) banking D) commodities 26) Stage Three of a financial crisis in an advanced economy features A) a general increase in inflation. B) debt deflation C) an increase in general price levels. D) a full-fledged financial crisis. 27) Debt deflation refers to A) an increase in net worth, leading to a relative fall in general debt levels. B) a decline in general debt levels due to deleveraging. C) a decline in bond prices as default rates rise. D) a decline in net worth as price levels fall while debt burden remains unchanged