The Financial Crisis of 2007-2009 Acquired a Global Dimension

question 33

Multiple Choice

The financial crisis of 2007-2009 acquired a global dimension

• A) because Asian financial institutions purchased mortgage-backed securities in large quantities.
• B) in spite of debt-service problems caused by leveraged buying.
• C) because of government budget deficit politics in advanced countries.
• D) because Japan, France, Italy and Germany experienced their own real estate bubble bursts.
• E) because European financial institutions purchased mortgage-backed securities in large quantities often with borrowed money.

---

Definitions:

Managers

Managers are individuals in an organization responsible for directing and overseeing the work of a group of people towards the achievement of goals and objectives.

Codes Of Ethics

Formalized rules and standards that describe what a company expects of its employees.