A Major Cause of the 2008-2009 Banking Crisis Was the Neglect

question 103

True/False

A major cause of the 2008-2009 banking crisis was the neglect of banks to seriously scrutinize loan applicants for creditworthiness.

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Definitions:

Government Planning

Activities undertaken by government bodies to set goals, develop strategies, and implement policies to achieve desired outcomes for the public good.

Affordable Care Act

A comprehensive healthcare reform law enacted in 2010 in the United States, aimed at expanding health insurance coverage and reducing healthcare costs.

Health Insurance

A type of insurance coverage that pays for medical and surgical expenses incurred by the insured.

Policy Evaluation

The process of assessing the design, implementation, and outcomes of public policies to determine their effectiveness and impact.