Which of the Following Is a Reason That Canada Did

question 193

Multiple Choice

Which of the following is a reason that Canada did not see a housing bubble and banking crisis in 2008?

• A)The Canadian government was quicker to act than the U.S.government.
• B)Canadian housing prices are more stable than U.S.housing prices.
• C)The Canadian government delivered larger bailouts to Canadian banks than the U.S.Treasury did to U.S.banks.
• D)The Office of the Superintendent of Financial Institutions (OSFI)was more conservative than banking regulators in other countries.
• E)Municipal regulations in Canada prevent over building.

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Definitions:

Mexican

Pertaining to Mexico, a country in North America known for its diverse culture, history, and significant contributions to world cuisine, art, and literature.

Nez Perce

A Native American tribe originally located in the Pacific Northwest of the United States, known for their resistance to the U.S. government in the late 19th century.

Defeat

The inability to win or succeed in a conflict, game, or competition; a loss.

Montana

is a state in the northwestern United States known for its vast wilderness areas, Rocky Mountains, and as a gateway to Yellowstone National Park.