One Lesson Learned from the Financial Crisis of 2008 Was

question 69

Multiple Choice

One lesson learned from the financial crisis of 2008 was that

• A)government regulators need to respond slowly when financial practices threaten the economy.
• B)unregulated financial firms need to be prevented from growing so large that their failure would severely damage the economy.
• C)the ease of owning a home has no relationship to the efficiency of the financial system.
• D)unregulated financial firms need to be prevented from growing so small that their success would have no or little effect on the economy.

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Definitions:

Fiscally Conservative

An economic philosophy of prioritizing minimal government spending, low taxes, and reduced government debt.

Collection

The act of gathering or accumulating items as a hobby or for study, often categorized and maintained systematically.

Grandiose Sense

An inflated sense of one's importance, power, or identity, often found in narcissistic personality disorder.

Morally Superior

The belief or attitude that one's moral standards, actions, or beliefs are more virtuous or ethical than those of others.