Which One of the Following Does Not Explain Why Canada

question 46

Multiple Choice

Which one of the following does not explain why Canada survived the financial crisis so much better than did the United States.

• A)Canada's banking regulations limit the amount of leverage and securitization possible.
• B)Canada's Financial Consumer Agency restricted sub-prime lending.
• C)Canadians never got caught up in the ideology that denies any need for regulation of the banking system.
• D)House prices in Canada did not increase.

---

Definitions:

Independent Contractors

Individuals who are in business for themselves, providing goods or services under a contract or agreement, without being employees of the hiring company.

Commerce Clause

A provision in the United States Constitution that grants Congress the power to regulate commerce with foreign nations, among the states, and with the Indian tribes.

Fourteenth Amendment

An amendment to the United States Constitution granting citizenship to all persons born or naturalized in the U.S. and guaranteeing all citizens equal protection under the law.

Commerce Clause

A provision in the United States Constitution that empowers Congress to regulate commerce with foreign nations, and among the several states, and with the Indian tribes.