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One of the Contributing Factors to the Financial Crisis of 2007-2009

question 63

Multiple Choice

One of the contributing factors to the financial crisis of 2007-2009 was that mortgage lending practices were ____________ strict in the late 1990s and early 2000s,compared to earlier periods such as the 1970s and 1980s,which led to a(n) _______________ in subprime and other nontraditional mortgage loans.


Definitions:

Intersection

In mathematics and set theory, the set of elements that are common to two or more sets.

Union

A mathematical operation in set theory denoting the set of all distinct elements that are in either of two or more sets.

Sample Space

The set of all possible outcomes or results that can occur from a specific statistical experiment.

Sample Space

The set of all possible outcomes or events in a probability experiment.

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