The final element of a financial crisis is
A)an economic downturn.
B)a decline in confidence in financial institutions.
C)declining prices of real estate or other assets.
D)a vicious circle.

Question

Quizplus · Accepted Answer

A financial crisis often culminates in a vicious circle where declining asset prices, reduced confidence, and economic downturns reinforce each other, exacerbating the crisis.

The Final Element of a Financial Crisis Is