Some Believe That the Global Financial Crisis of 2008-2009 Was

question 54

Multiple Choice

Some believe that the global financial crisis of 2008-2009 was the result of

• A) a lack of free markets.
• B) a lack of regulation.
• C) political ideologies in opposition to democracy.
• D) a strong presence of command economies.
• E) a lack of privatization.

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Definitions:

Demand

An economic principle referring to a consumer's desire and willingness to pay a price for a specific good or service.

Negotiable Instrument

A written document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with transferability rights.

Time

The indefinite continued progress of existence and events in the past, present, and future regarded as a whole.

Condition

A specific requirement or stipulation that affects or determines the outcome or validity of a legal agreement.