One Reason for the Financial Problems of Securities Firms During

question 23

True/False

One reason for the financial problems of securities firms during the credit crisis was that they used a high degree of financial leverage.

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Definitions:

Right-to-Work Laws

Legislation that prohibits agreements between labor unions and employers that make union membership or payment of union dues a condition of employment.

Union Shops

Workplaces where employment is conditional upon the worker's membership in the union, typically after a set period has been completed.

National Labor Relations Act

A US law enacted in 1935 that protects the rights of employees and employers, encourages collective bargaining, and curtails certain private sector labor and management practices, which can harm the general welfare.

Better Working Conditions

Improvements in the physical and psychological aspects of the work environment, aimed at enhancing employees' well-being.