Understanding Business
Understanding Business
11th Edition
ISBN: 9780078023163
Author: William G Nickels, James McHugh, Susan McHugh
Publisher: McGraw-Hill Education
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Chapter 20, Problem 4DWS
Summary Introduction

To discuss: The banking crisis of 2008-2009 and the way it affected the people, impact on banks and economy since crisis and the recent political implications of economic changes.

Introduction: Banks are the organizations that operate for making profits by earning through the borrowers and paying to the depositors.

Financial crisis is a state where the value of the financial assets decline to a large extent. The markets crash and the banks fail in this kind of situation.

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