The Housing Bubble and Resulting Credit Crisis of 2008 Is

question 9

Multiple Choice

The housing bubble and resulting credit crisis of 2008 is an example of:

• A) nonsystematic risk.
• B) systematic risk.
• C) inflation risk.
• D) political risk

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Definitions:

Specific Professions

Particular occupations or lines of work that require special training, education, or skill.

Commercial General Liability Policy

A policy that generally provides protection for the insured for bodily injury, as well as for third parties for property injury.

Broad Range

Refers to an extensive variety or a wide spectrum of items, ideas, or options available.

Risks

The possibility of suffering harm, loss, or a negative outcome as a result of engaging in an activity or decision.