The 2008-2009 Recession in Canada Was Much Smaller Than in the U.S

question 92

Multiple Choice

The 2008-2009 recession in Canada was much smaller than in the U.S. for all of these reasons, except:

• A)Canada had stiffer regulations on banks and mortgages.
• B)Canada had a much smaller shadow-banking sector.
• C)Canadian banks did not engage in any mortgage lending.
• D)Canadian banks were better capitalized than U.S. banks.

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Definitions:

Critically And Analytically

Engaging with information or problems in a way that involves careful judgment and the use of logical reasoning.

Persuadability

The quality or characteristic of being easily influenced or convinced by arguments, appeals, or suggestions.

Education And Intelligence

The process of acquiring knowledge, skills, values, and attitudes through study and experiences, and the ability to apply these cognitive skills towards effective problem-solving and adaptation to the environment.

Self-Esteem

An individual's subjective evaluation of their own worth or value.