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Long before the 2008 financial crisis, which country suffered a banking crash after years of easy credit, soaring property prices and reckless lending?
Total votes: 550
Answer: A — Sweden.
Explanation: In the late 1980s, Sweden deregulated credit and experienced a lending and property boom. When the bubble burst in the early 1990s, property prices fell, banks suffered huge losses and the government had to intervene to stabilise the financial system.