In 2006 and 2007,largely Because of _____,Banks and Other Institutions

question 3

Multiple Choice

In 2006 and 2007,largely because of _____,banks and other institutions that made mortgage loans began losing huge sums of money.

• A)mortgage loan defaults
• B)higher interest rates
• C)a recession
• D)an economic downturn

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Definitions:

Bush Administration

The Bush Administration refers to the executive branch of the U.S. government under President George W. Bush, serving from 2001 to 2009.

Policy of Deterrence

A strategy intended to dissuade adversaries from engaging in an undesirable action through the threat of retaliation.

Nonstate Actors

Individuals or groups that are not affiliated with, directed by, or funded through the government, which can influence or participate in international relations or domestic affairs.

Terrorist Groups

Organizations that engage in or support acts of violence and intimidation, typically for political purposes.