Which Event Triggered the Recession That Began in 2008

question 118

Multiple Choice

Which event triggered the recession that began in 2008?

• A)Consumers were unwilling to purchase electronic equipment.
• B)Businesses were unable to make loan payments.
• C)Homeowners were unable to make mortgage payments.
• D)Renters were unable to find available housing.

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Definitions:

Disbursements Schedule

A plan that outlines the expected payments to be made by an organization over a specified period.

Production Budget

An estimation of the number of units that must be produced in a given period to meet both sales and inventory needs.

Balance Sheet

A financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time.