Subprime Loans That Helped Cause the Financial Crisis Included

question 3

Multiple Choice

Subprime loans that helped cause the financial crisis included

• A) adjustable-rate mortgages.
• B) sovereign wealth funds.
• C) hedge funds.
• D) A and B

---

Definitions:

Partnership Agreement

A contract between partners in a business venture, specifying the terms of the partnership, roles, responsibilities, and profit-sharing.

Contract Elements

Essential components required for a contract to be legally binding, including offer, acceptance, consideration, and mutual intent.

Ongoing Business

A company or an enterprise that is actively engaged in continuous operations or activities.

Partnership Act

A legal framework governing the rights, duties, and liabilities of partners in a business partnership.