Tight Money Credit Crunch
An economic condition where there is a shortage of credit. It can also be termed as a credit crunch. In this situation, securing a loan is hard and is usually billed at a higher interest rate. The demand for money surpasses the creditors willingness to invest. Tight money situations restrict companies from expanding, which paces the national economy to slow down. Tight money can be governed by the Federal Reserve’s monetary policy.
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