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  • A financial institution can achieve cost savings in its credit card operations if it increases the number of cardholders. This is an example of economies of #341
  • What is a credit boom? #342
  • During the 1800s, many U.S. financial crises were precipitated by an increase in ________, often originating in London. #343
  • Stage Two of a financial crisis in an advanced economy usually involves a ________ crisis. #344
  • Stage Three of a financial crisis in an advanced economy features #345
  • Debt deflation refers to #346
  • In 1928 and the first half of 1929, prices ________ in the U.S. stock market. #347
  • The largest one-day drop in the history of the American stock markets occurred in #348
  • From its peak in 1929 to the trough in December 1932, the Dow Jones Industrial Average fell how much? #349
  • The Baa-U.S. Treasury spread was about 2% at the beginning of 1929. By December 1932, the Dow Jones Industrial Average reached a low, and the spread had increased to how much? #350
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