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financial crisis

Noun CEFR B2

Definitions

An episode of sharp instability in the global or a local financial system in which financial assets lose a significant proportion of their value, often caused by the bursting of an economic bubble.

Equivalents

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CEFR level

B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.
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See also

financial cushion financial district financial domination financial doping financial economics financial engineering

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