Which of the Following Is Not One of the Causes

question 18

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 prices increased drastically.
• D) Real estate values started declining after having risen for many years.

---

Definitions:

Perception

The process by which individuals interpret and organize sensory information to understand the environment.

Objective

A goal or target that is aimed to be achieved, often specific, measurable, attainable, relevant, and time-bound.

Gender Bias

Prejudice or discrimination against individuals based on their gender, often resulting in unfair treatment or assumptions.

Chairman

The highest officer of an organized group such as a board, a committee, or a deliberative assembly.