What Was Primarily Responsible for the Most Recent Debt Crisis

question 23

Multiple Choice

What was primarily responsible for the most recent debt crisis in Spain?

• A)the Spanish government had borrowed too much, so its debt-to-GDP ratio was very high
• B)the Spanish government cut spending in an effort to free funds for private investments
• C)political instability
• D)Spanish banks held too many unsound mortgage loans and mortgage-backed securities
• E)all of the above

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Often used metaphorically to represent freedom and the journey of life; in a literal sense, it refers to a clear, unobstructed roadway.

Monthly Salaries

Regular income earned by employees, typically issued once a month, for services rendered.

Production Worker

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An individual employed to put together components or parts, primarily in manufacturing or production lines.