The Credit Crisis Is Mostly Attributed to the Use Of

question 55

Multiple Choice

The credit crisis is mostly attributed to the use of:

• A) strict criteria applied by mortgage originators.
• B) liberal criteria applied by mortgage originators.
• C) very tough credit ratings applied to mortgages.
• D) fixed-rate mortgages with long terms to maturity.

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Definitions:

Triple Entente

An alliance formed in the early 20th century between France, Russia, and Great Britain, which played a significant role in the build-up to World War I.

Triple Alliance

An agreement made in 1882 between Germany, Austria-Hungary, and Italy, forming a powerful bloc that stood until the beginning of World War I.

Armed Camps

Highly militarized zones or areas prepared for military conflict, often characterized by a significant presence of soldiers, weapons, and military infrastructure.

Young Turks

The Young Turks were a revolutionary group that emerged in the late 19th and early 20th centuries, aiming to reform the Ottoman Empire and replace the sultanate with a constitutional government.