The Worldwide Recession in 2007 Started From

question 58

Multiple Choice

The worldwide recession in 2007 started from:

• A)easy access to credit in the U.S.
• B)booming housing prices that ultimately dropped.
• C)a large number of home purchasers who were unable to afford the homes.
• D)All of the above are correct.

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Definitions:

Par Common Stock

Par Common Stock refers to the nominal or face value assigned to common stock shares by the issuing company.

Noncumulative Preferred Stock

A type of preferred stock where dividends not paid in one period do not accumulate or have to be paid in future periods.

Noncumulative Preferred Stock

A type of preferred stock where missed dividend payments are not required to be paid to the shareholders in the future.

Par Value

The face value of a bond or the stock value stated in the corporate charter, which is the minimum legal capital per share.