answersLogoWhite

0

What is financial credit crunch?

User Avatar

Anonymous

13y ago
Updated: 8/17/2019

A financial 'credit crunch' is when there have to be budget deficits and contingency plans in place (should there be a worst case scenario)

User Avatar

Wiki User

13y ago

What else can I help you with?

Related Questions

What is financial credit?

A financial 'credit crunch' is when there have to be budget deficits and contingency plans in place (should there be a worst case scenario)


Why was Kai Wong's Wikipedia page deleted?

Because of the financial credit crunch.


Why US financial market so important to the rest of the world with recent events?

credit crunch


What measures can you take to get out of a credit crunch?

There are several measure you can take to get out of a credit crunch. One measure is to consult with a financial advisor and they could maybe help re-evaluate the interest rate and hopefully help lower the amount you need to pay. Another measure is to talk to the bank to figure out if the credit could be fixed.


What is the meaning of financial crunch?

A financial crunch refers to a situation where there is a sudden and severe shortage of capital or liquidity, making it difficult for individuals, businesses, or governments to access funds or meet financial obligations. This can arise from various factors, including economic downturns, credit tightening, or unexpected expenses. During a financial crunch, borrowing costs may increase, and investment opportunities may diminish, leading to broader economic implications. Essentially, it signals a critical stress in financial markets or personal finances.


How can you avoid a credit crunch?

To avoid a credit crunch, you can make sure to get your yearly free Credit Reports. This will allow you to monitor your credit effectively and make sure your report is error free. Balancing how much you spend with how much you make will also make it easier to maintain a good credit score and help you to avoid the credit crunch.


What sectors are affected by the financial crunch?

Almost all sectors are affected by the financial crunch. Especially the banking & financial industry, automobiles, IT Services, tourism and hospitality, aviation etc.


Who planned the credit crunch?

No one planned it.


What year did the credit crunch start?

2007


Are countries helping the UK in the credit crunch?

hope not


Is hospital terrible have that it due fresh for the crunch you cancel credit the of vegetables to the to order. unjumble this sentence?

It is terrible due to credit crunch that we have to cancel order of fresh vegetables to the hospital.


Is hospital terrible have that it due fresh for the crunch you cancel credit the of vegetables to the to order unjumble this sentence?

It is terrible due to credit crunch that we have to cancel order of fresh vegetables to the hospital.