Which of the Following Occurred as a Result of the Subprime

question 70

Multiple Choice

Which of the following occurred as a result of the subprime mortgage crisis?

• A)American International Group (AIG), a giant insurance company, was on the brink of bankruptcy when the government stepped in and bailed it out with loans of $85 billion.
• B)The Federal National Mortgage Association (Freddie Mac) was bought by Merrill Lynch.
• C)Profits at most banks rose as people started saving more.
• D)The government provided $15,000 to homeowners who could not make their mortgage payments and so foreclosures declined.

---

Definitions:

Argument

A set of statements or reasons made to support or oppose an idea, cause, or proposition.

Person

An individual human being.

Culture

The shared beliefs, values, customs, behaviors, and artifacts that the members of a society use to cope with their world and with one another, transmitted from generation to generation through learning.

Ad Hominem

An argument or reaction directed against a person rather than addressing the person's arguments or contentions.