All of the Following Are True Statements About the Savings

question 37

Multiple Choice

All of the following are true statements about the savings and loan (S&L) crisis EXCEPT:

• A)it was caused because people invested in risky ventures, such as shady real estate deals.
• B)it led to layoffs, companies burdened with huge debt, and overly consolidated industries.
• C)millions of Americans lost their savings.
• D)the biggest failure was investing in large companies that used the money to buy up weaker competitors.
• E)Bush created a plan to resolve the crisis-at a taxpayer cost of $500 million.

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Definitions:

Sugar

A generic name for sweet-tasting, soluble carbohydrates, many of which are used in food.

Chromatography

A laboratory technique for the separation of a mixture by passing it through a medium in which the components move at different rates.

Evaporation

The process by which a liquid changes into a gas, typically below its boiling point, at the surface of the liquid.

Filtering

A process of separating solids from liquids or gases using a medium that allows only the fluid to pass through.