All of the Following Are True Statements About the Great

question 8

Multiple Choice

All of the following are true statements about the Great Recession that began in 2008 except

• A) Several of the nation's largest banks had overextended themselves and were filing for bankruptcy.
• B) One contributing factor was a large number of housing loans made to unqualified buyers, who defaulted in large numbers.
• C) Businesses stopped expanding and banks held onto their cash reserves, making new loans difficult to obtain.
• D) It had a global effect, as countries such as Spain and Greece watched their economies fail, too.
• E) Unemployment reached a high of 14 percent.

---

Definitions:

Home-Schooled

An educational approach where children are instructed at home by parents or tutors, rather than in traditional public or private school settings.

United States

A country located primarily in North America, comprising 50 states, a federal district, five major self-governing territories, and various possessions.

School-Age Children

Typically refers to children in the age group that spans from entering kindergarten through the onset of puberty.

Logic

The study of reasoning, or the science that investigates the principles governing correct or reliable inference.