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In the 1987 stock market crash, share values fell in a single day by about:
A35 percent
B45 percent
C25 percent
D15 percent
Answer & Solution
Correct answer: C. 25 percent
1. The Fed responded with short-term emergency loans.
2. The fall in one session was very steep.
3. It was about 25 percent.
_Source: OpenStax Principles of Economics 3e, Chapter 28, Monetary Policy and Bank Regulation._
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