Problems Underlying the US Sub-Prime Loans That Triggered the GFC

question 3

Multiple Choice

Problems underlying the US sub-prime loans that triggered the GFC included which of the following?

• A)Borrowers often had a poor employment record.
• B)Borrowers often had a history of loan defaults.
• C)LVR's were commonly 100 per cent.
• D)It was assumed property prices would always rise.
• E)All of these.

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Definitions:

Individualization

The process or practice of tailoring or customizing services, products, or attention to suit the specific needs or preferences of an individual.

Direct Requests

Clear and explicit solicitations for action or information, without ambiguity or indirectness.

Overcome Objections

the process of addressing and resolving concerns or objections raised by others, particularly in sales or negotiation contexts.

Emotional Appeals

Arguments or strategies that aim to elicit emotional responses from the audience to persuade or influence them.