The Clinton Administration in the 1990s Contributed to the Economic

question 25

Multiple Choice

The Clinton administration in the 1990s contributed to the economic crisis that began in 2007 by ________.

• A) allowing predatory lending
• B) allowing commercial banks to function like investment banks
• C) expanding the derivatives market
• D) using low interest rates to initiate a housing boom in which prices rose far faster than income

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Definitions:

Situation Assessment

The process of evaluating the current state of an environment or situation to make informed decisions.

Value Chain

Refers to the full range of activities that businesses go through to bring a product or service from conception to delivery and beyond.

Budget

An estimate of income and expenditure for a set period of time, often used to plan and control finances and resources.

Financial Resources

The capital and other financial assets available to a business or individual to support their operations or investments.