In the Late Twentieth Century, ________ Emerged as a Dominant

question 52

Multiple Choice

In the late twentieth century, ________ emerged as a dominant form of global communication.

• A) telephones
• B) the Internet
• C) books
• D) letters
• E) newspapers

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Definitions:

Subprime Mortgage Market

The market for loans to borrowers with lower credit ratings, implying higher risk for lenders and typically resulting in higher interest rates.

Recession of 2001

A brief economic downturn in the United States that began in March 2001 and ended in November 2001, marked by the bursting of the dot-com bubble.

Subprime Mortgage Market

A segment of the mortgage market that caters to individuals with poor credit histories who are considered higher risk borrowers.

Low-income Individuals

persons or groups with earnings significantly below the median level of income for their society or geographic area.