Which of the Following Contributed to the Banking Crisis of 2008

question 48

Multiple Choice

Which of the following contributed to the banking crisis of 2008?

• A) The Federal Reserve Bank had kept interest rates at unprecedentedly high levels.
• B) Banks and other lending institutions eliminated "subprime" mortgages.
• C) Wall Street bankers withdrew themselves from the mortgage market.
• D) The Federal Reserve Bank and other regulatory agencies slowed the speculative frenzy.
• E) Public and private policies favored economic speculation and get-rich-quick schemes.

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Definitions:

Dependence

The state of relying on or needing someone or something for aid, support, or the like.

Retirement Planning

The process of determining retirement income goals, risk tolerance, and the actions and decisions necessary to achieve those goals.

Retirement Decision Making

The process of planning and determining when and how to retire, which can involve financial, emotional, and lifestyle considerations.

Adjustment To Retirement

The process of adapting to a new lifestyle and identity after leaving one's career and transitioning into retirement, which can involve significant psychological and social changes.