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:

Cohabitation Rates

The proportion of individuals living together in a non-marital partnership, often considered an indicator of changing social norms regarding relationships and family life.

Alberta

A province in western Canada, known for its natural beauty, oil and gas industry, and as a center for various cultural and economic activities.

British Columbia

A province in western Canada, known for its natural beauty, including mountains, forests, and the Pacific coastline.

Québec

A province in Canada known for its French heritage, distinct culture, and unique legal and social systems within the Canadian federation.