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The process of deleveraging refers to: a.) cutbacks in lending by financial institutions. b.) a reduction in debt owed by banks. c.) both cutbacks in

The process of deleveraging refers to:

a.) cutbacks in lending by financial institutions.

b.) a reduction in debt owed by banks.

c.) both cutbacks in lending by financial institutions and a reduction in debt owed by banks.

d.) none of the above

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