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(Choose 1 answer)
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Which of the following statements is TRUE?
A. Bank failures inflict serious financial harm on individual depositors.
B. Bank failures do not inflict serious financial harm on individual depositors.
C. Bank failures inflict not only serious financial harm on individual depositors, but also harm the
macroeconomic stability of the economy.
D. Bank failures inflict serious financial harm on individual depositors, but fortunately do not harm the
macroeconomic stability of the economy.
E. Bank failures only inflict serious financial harm on the macroeconomic stability of the economy.
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