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Question Three a. Based on the functions of the banking system, give reasons why governments bail out banks during an economic crisis? b. Is the

Question Three

a. Based on the functions of the banking system, give reasons why governments bail out banks during an economic crisis?

b. Is the World heading for a recession? Explain the conditions under which the world can be classified as being in a recession as COVID-19 persists. Explain linking the pandemic to the various stages of a recession.

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