According to Former Federal Reserve Chairman Alan Greenspan, the Fed

question 3

Multiple Choice

According to former Federal Reserve Chairman Alan Greenspan, the Fed became concerned about subprime lending in 2000; however,

• A) the global demand for mortgage-backed security ended in 2005.
• B) the quality of mortgage products began to deteriorate in 2005.
• C) the global demand for mortgage-backed security started in 2003.
• D) the quality of mortgage products began to deteriorate in 2003.
• E) the global demand for mortgage-backed security ended in 2008.