In What Year Did Housing Prices Begin to Deteriorate Leading

question 99

Multiple Choice

In what year did housing prices begin to deteriorate leading to a jump in defaults in the subprime mortgage markets and the onset of the recent financial crisis?

• A)2001.
• B)2003.
• C)2006.
• D)2008.

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Definitions:

Ambrosia

In classical mythology, the food of the gods, believed to convey immortality; in contemporary contexts, a type of fruit salad.

Bubble Gum

A kind of bubble gum made to be blown into a bubble outside the mouth.

Income

Earnings received by individuals or entities, typically through wages, investments, or other sources.

Sociology

The study of the development, structure, and functioning of human society, including social relationships, institutions, and cultures.