Once Housing Prices Stopped Increasing in 2007, Refinancing

question 30

Multiple Choice

Once housing prices stopped increasing in 2007, refinancing:

• A) was no longer an option, and a wave of foreclosures occurred.
• B) only occurred through higher risk, subprime loans.
• C) allowed people to convert housing equity into more liquid forms of saving.
• D) became more popular, and people's consumption accelerated overall.

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Definitions:

Diversification

A marketing strategy that seeks to attract new customers by offering new products that are unrelated to the existing products produced by the organization.

Procter & Gamble

A multinational corporation specializing in a wide range of consumer goods, including personal care, household cleaning, and hygiene products.

Marketing Strategy

A comprehensive plan formulated to achieve the marketing goals of an organization, including targeting the right audience, positioning the product or service, and implementing various marketing mix elements.

Analytics

The systematic computational analysis of data or statistics, used for the discovery, interpretation, and communication of meaningful patterns in data.