Some Argue That the Financial Crisis of 2007-2009 Was Caused

question 185

Multiple Choice

Some argue that the financial crisis of 2007-2009 was caused by a poor understanding of risks in the economy. One reason for that thinking is that

• A) credit card companies did not disclose who defaulted on their loans.
• B) banks' secrecy laws prevented them from reporting which homeowners were behind in their mortgage payments.
• C) mortgage brokers did not use the Internet to check on default rates.
• D) some bond rating agencies' ratings did not disclose the true extent of the riskiness of mortgage-backed assets.

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Definitions:

Spleen

An organ located under the ribcage and above the stomach in the left upper quadrant of the abdomen, involved in filtering blood and immune response.

Ventral Body Cavity

The front portion of the body cavity that houses many of the body’s vital organs, including those within the thoracic and abdominal pelvic cavities.

Visceral Peritoneum

The inner layer of the peritoneum that covers the external surfaces of most abdominal organs, providing a slippery surface that allows the organs to move against each other without friction.

Plane of Section

An imaginary flat surface that divides the body or an organ into different sections, used in anatomical descriptions and dissections.