Which of the Following Is Not One of the Causes

question 206

Multiple Choice

Which of the following is not one of the causes of the skyrocketing mortgage default rates that triggered the financial crisis in 2007-2008?

• A)Mortgage lending became very lax.
• B)Many people took on mortgages that they were simply incapable of repaying.
• C)Housing price increased drastically.
• D)Real estate values started declining after having risen for many years.

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Definitions:

Co-Payment Insurance

An insurance policy feature that requires the insured individual to pay a fixed amount out of pocket for covered services.

Medicare Reform

Changes and updates made to Medicare, the U.S. federal health insurance program for people who are 65 or older, with the aim of improving the program's efficiency, sustainability, and coverage.

First-Dollar Coverage

Insurance coverage that pays out from the initial cost, without a deductible, for covered expenses.

Out-Of-Pocket Expenditures

Expenses for medical care that aren't reimbursed by insurance and are paid directly by the patient.