Which One of These Was a Contributing Factor to the Need

question 91

Multiple Choice

Which one of these was a contributing factor to the need for many foreign banks to seek aid from their governments as a result of the financial crisis of 2007-2009?

• A) Decrease in their exchange rates
• B) Investments in U.S. subprime mortgages
• C) Interest rate spikes
• D) Currency controls

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Definitions:

Collective Bargaining

The process of negotiation between employers and a group of employees aimed at agreements to regulate working salaries, working conditions, benefits, and other aspects of workers' compensation and rights.

Labor Relations

The study and practice of managing relationships between employers and their workforce, focusing on negotiation and administration of collective bargaining agreements.

Nordic Countries

A geographical and cultural region in Northern Europe and the North Atlantic, consisting of Denmark, Finland, Iceland, Norway, and Sweden.

Enterprise Unionism

A labor union organizing framework where workers are unionized within a single enterprise or company, as opposed to industry-wide unionization.