Which of the Following Contributed to the Financial Crisis of 2008

question 25

Multiple Choice

Which of the following contributed to the financial crisis of 2008?

• A)the housing price boom (2002-2005), followed by a housing price bust (2007-2008)
• B)a sharp reduction in stock prices in 2008
• C)a sharp increase in the price of crude oil from January 2007 to mid-year 2008
• D)all of the above

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Definitions:

Intelligence

The ability to learn, understand, and apply knowledge, solve problems, and adapt to new situations.

Group Member

An individual who belongs to a specific group or team and contributes towards group activities and objectives.

Assertive

Being assertive means confidently expressing one’s viewpoints and needs directly and respectfully, without infringing on the rights of others.

Opinions

Personal views or judgments not necessarily based on fact or knowledge, formed from individual beliefs or experiences.