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Bank Failure vs Consumer Failure

MediumFinance & Accounting00:00
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Your question is Bank Failure vs Consumer Failure. Take a moment with it on the right.

Talk me through your thinking if you like. When you're confident, submit your answer and I'll grade it like a real screen (7/10 or better passes).

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Problem

What is the difference between a high street bank failing and a company like Colgate failing, and why is a bank failing more important to society?