What Is the Name Commonly Used to Refer to the Recent

question 38

Multiple Choice

What is the name commonly used to refer to the recent national crisis in which with many mortgages were issued to borrowers with poor credit histories,resulting in numerous loan defaults?

• A)mortgage meltdown
• B)subprime crisis
• C)credit default swap
• D)credit score crisis
• E)mortgage balloon crisis

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Definitions:

Defendant

An individual, company, or institution sued or accused in a court of law.

Competence

The ability or capacity to do something effectively or to a required standard; often refers to a specific skill or set of skills.

Obscenities

Words, expressions, or actions that are offensive or rude, often related to sex or bodily functions.