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Meaning of financial crisis | Babel Free

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

CEFR level

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

See also

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