Question
A "credit crunch" refers to:
Too many loans given by banks which consumers can't repay.
Too many loans given by banks which consumers can repay.
Too little loans given by banks which consumers can repay.
Too little loans given by banks which consumers can't repay.
Too many loans given by banks which consumers can't repay.
Too many loans given by banks which consumers can repay.
Too little loans given by banks which consumers can repay.
Too little loans given by banks which consumers can't repay.
Answers
GPT-4o mini
A "credit crunch" refers to **too little loans given by banks which consumers can repay**. It occurs when banks become reluctant to extend credit or loans, usually due to financial instability or economic downturns, leading to reduced access to credit for consumers and businesses.