The Causes of the Financial Crisis of 2007-2009 Include All

question 124

Multiple Choice

The causes of the Financial Crisis of 2007-2009 include all of the following EXCEPT

• A) deregulation of the financial industry.
• B) high levels of U.S. and household debt that had been accumulating for decades.
• C) the Federal Reserve kept interest rates extremely low.
• D) predatory lending for "sub prime" loans.
• E) housing prices rose much faster than household incomes in the 1990s and 2000s.

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