1. Write short notes on the credit crunch of 2007 (its main causes) (4 Marks) 2....

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1. Write short notes on the credit crunch of 2007 (its main causes) (4 Marks) 2. Banks were forced to raise new capital or reduce lending, which route they choose? (3 Marks) 3. Why would banks be hesitant to raise new capital (equity) during an economic downturn? (3 Marks) 1. Write short notes on the credit crunch of 2007 (its main causes) (4 Marks) 2. Banks were forced to raise new capital or reduce lending, which route they choose? (3 Marks) 3. Why would banks be hesitant to raise new capital (equity) during an economic downturn? (3 Marks)

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1 The Credit Crunch of 2007 was the result of a global financial crisis that began in the United Sta... View the full answer