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Author Archives: Rebecca Fordham

credit crunch

A credit crunch is a direct result of a recession in an economy. Due to the bleak finanacial state of a country, banks enforce a stricter lending policy making loans almost unattainable and the availability of credit scarce, which is deemed a “Credit Crunch” or “Credit Crisis.” By actioning a credit crunch, it is hoped that the economy can revive ... Read More »