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(Choose 1 answer)
☐ A
The severity and breadth of the 2007-2009 crisis have led to initiatives to reform both national financial
systems and the international system in order to
A. fill gaps in existing regulatory frameworks while also paying more attention to the macroeconomic causes
and consequences of banking problems.
B. avoid financial crisis permanently in the future.
C. make it easy for banks to get around capital requirements.
D. to set up an omniscient global financial authority responsible for monitoring and regulating the systems.
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