Prior to the Financial Crisis That Began in 2007, Finance

question 16

Multiple Choice

Prior to the financial crisis that began in 2007, finance companies

• A)had experienced slow asset growth because of the upcoming economic slowdown.
• B)had found subprime lending to be a risk-free method to achieve growth.
• C)had experienced strong profit and loan growth, especially those companies that lend to less risky customers.
• D)had experienced strong success in the area of electronic lending.
• E)had avoided takeover attempts by other financial institutions.

---

Definitions:

Emergencies

Urgent situations requiring immediate action to prevent serious outcomes or to mitigate disasters.

Client Trust Account

A special bank account where lawyers deposit client funds, keeping them separate from personal or firm assets.

Paralegal's Role

The duties and responsibilities held by a paralegal, which include supporting attorneys, managing case files, and conducting legal research and document preparation.

Repercussions

The consequences or effects that follow a particular action or decision, often within a legal or regulatory context.