By the Height of the Housing Bubble in 2005 and Early

question 120

Multiple Choice

By the height of the housing bubble in 2005 and early 2006,lenders had greatly loosened the standards for obtaining a mortgage loan,with many mortgages being granted to sub-prime borrowers ________ and "Alt-A" borrowers ________.

• A)with flawed credit histories; who did not document their incomes
• B)who borrowed money at rates below the prime interest rate; who had AAA credit ratings
• C)who borrowed more than 120 percent of the value of the house; with no proof of U.S.citizenship
• D)who purchased homes in depressed housing markets; who purchased homes which were repossessed by government agencies.

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Definitions:

Dissociative Identity Disorder

A mental disorder characterized by the presence of two or more distinct personality states or identities within a single individual, along with memory gaps beyond normal forgetfulness.

Dissociative Amnesia

A disorder characterized by an inability to recall important personal information, usually of a traumatic or stressful nature, that is too extensive to be explained by ordinary forgetfulness.

Subpersonalities

Different aspects of a person's character that are part of the whole persona but can have conflicting attitudes, values, and responses.

State-Dependent Learning

Learning that becomes associated with the conditions under which it occurred, so that it is best remembered under the same conditions.