Which of the Following Was a Contributing Factor to the Housing

question 58

Multiple Choice

Which of the following was a contributing factor to the housing boom and bust and the financial crisis of 2008?

• A) An increase in the share of loans to sub-prime borrowers.
• B) An increase in the share of loans extended to borrowers making only a small down payment.
• C) An increase in adjustable-rate mortgages (ARMs) as a share of the total.
• D) All of the above.

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