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For each of the following statements, analyse the statements and give explanations for your answer. (a) If the International Monetary Fund bails out countries in
For each of the following statements, analyse the statements and give explanations for your answer.
(a) If the International Monetary Fund bails out countries in the event of a financial crisis, it makes the crisis more likely to occur.
(b) If banks charge high interest rates on credit cards, they are likely to attract more defaulters.
(c) A coffee shop charging much high prices for its frothy drinks compared to the regular hot coffee.
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