Understanding Business
Understanding Business
13th Edition
ISBN: 9781264249527
Author: Nickels, William G.
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Chapter 20, Problem 1PPT
Summary Introduction

To discuss: The causes behind the banking crises that began in 2008.

Introduction:

Bank is a financial institution which provides loan to the borrowers and take deposits of depositors. Bank usually charge a high interest rate on loans and provide less interest rate on deposits.

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