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The economic crisis has severely affected the availability of credit. It is also termed as the credit crunch.

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16y ago

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What are the Impact of Financial Crisis in Nepal?

i think the current economic crisis is all due to increased food price, inflation and non repaying habit of people towards the credit acquisition.


Do you agree that we are now in the economic and financial crisis?

Yes I do believe we are in a economic crisis


How does one know if they are in credit card crisis?

The signs of credit card crisis are often fairly obvious. If you are unable to keep up with your credit card payments, and are in debt, you can be sure that you are in crisis, and you need to get out.


How is the financial crisis and credit cards connected?

The financial crisis of 2007-2008 was significantly influenced by the widespread issuance of high-risk credit products, including subprime mortgages and credit cards. Many consumers over-leveraged themselves by accumulating debt on credit cards, leading to increased defaults when economic conditions worsened. Additionally, financial institutions faced severe losses from their exposure to these risky assets, which contributed to the broader economic downturn. This interconnectedness highlighted the vulnerabilities in consumer credit markets and the financial system as a whole.


Is Ireland having a crisis?

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Is high education the solution to economic crisis?

Personally, yes education is the solution to economic crisis.


What are the release dates for The Crisis of Credit Visualized - 2009?

The Crisis of Credit Visualized - 2009 was released on: USA: 2009


When will the crisis over?

You have to be more specific when you are talking about "crisis". Do you mean the economic crisis?


Where might one find information on credit crisis?

Credit crisis is also commonly known as "credit crunch" which is a situation in which there is a short supply of money to provide to businesses and consumers and interest values are high-pitched. At "investopedia" there is ample information about credit crisis.


What is the difference between a financial crisis and an economic crisis and which of both affects the other most?

A financial crisis is when wall street and the banks are failing. An economic crisis is when there is high unemployment or a recession.


What impact has the United States government had on the credit crisis?

You will understand that the United States government has acted as much as it could to lessen the credit crisis. You will also know that the United States government has had a limited impact on actually reversing the credit crisis.


How bad is your credit crisis now?

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