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Please explain why each choice is correct / incorrect. There can be more than 1 right choice. Throughout history, severe financial crises have most often

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Please explain why each choice is correct / incorrect. There can be more than 1 right choice.

Throughout history, severe financial crises have most often been caused by: A. Excessive use of derivatives B. Real estate bubbles C. Irrational euphoria in equity markets D. Securitization

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