answersLogoWhite

0

when money looses most or all of its value

User Avatar

Wiki User

15y ago

What else can I help you with?

Related Questions

What is Economic meltdown and it relevance in banking industry?

If you are referring to the recent meltdown in started only with financial services firms including banks. Economic meltdown is an unexpected but accelerated financial system failures resulting in drastic reduction in economic activity.


What is financial meltdown?

What_is_financial_meltdown


What is a a good sentence with the word financial in it?

As the financial crisis in Greece worsens, companies are getting ready for everything from social unrest to a complete meltdown of the financial system.


The meaning of financial meltdown?

Financial meltdown is another term used for a financial crisis. You can compare the performance of the financial markets with the burning of a candle. The world economy and financial markets were in a bad mess a few months back due to the subprime economic crisis. Investment Banks went bust, home loan foreclosures and defaults were at their peak, stock markets crashed, etc etc


What are the adverse effects of economic meltdown?

The effects of this economic meltdown are: 1. Banks have incurred huge losses. Their earnings came down. 2. Financial institutions have gone bust or have been taken over by bigger organizations 3. The housing prices have plummeted 4. The liquidity in the financial system has come down 5. High unemployment etc.


Why did global financial meltdown happen?

The global financial meltdown of 2008 happened due to a combination of factors including subprime mortgage lending practices, complex financial products, inadequate regulation, and excessive risk-taking by financial institutions. This led to a domino effect, causing a collapse in the housing market, the failure of major financial institutions, and a severe credit crunch.


Where are all the special functions of the GoldenEye?

It can send out an electromagnetic pulse, causing a global computer meltdown.


What are some things people can do to prepare themselves for a financial meltdown?

To prepare for a financial meltdown one should cut down on their spending. Walking instead of using a car, home cooked meals instead of take-aways and turning electrical items off instead of leaving on stand-by.


During an earthquake the cooling system of a nuclear reaction can be compromised increasing the threat of what?

a meltdown


What are the nature of the financial system?

nature of financial system in India?


During an earthquake the cooling system of a nuclear reaction can be compromise increasing the threat of what?

a meltdown


What are the key components of the financial system?

There are majorly 2 components of financial system one is formal financial system and another one is informal financial system. under the formal financial system there are 4 components 1)Financial Intermediaries 2)Financial Markets 3)Regulators 4)financial instruments in informal financial system neighbours ,relatives,landlords,local trader are there