One of the Trigger Points for the Financial Crisis of 2008

question 253

Multiple Choice

One of the trigger points for the financial crisis of 2008 was when:

• A) interest rates on adjustable-rate mortgages were reset at a higher level.
• B) foreigners started to sell off their holdings of U.S.financial instruments.
• C) the Federal Reserve started to raise short-term interest rates.
• D) the federal government started to engage in deficit spending.

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Definitions:

Fallopian Tube

Two ducts through which ova move from the ovaries to the womb in the female reproductive apparatus.

Sperm Cell

A male reproductive cell or gamete that is crucial for fertilization and the creation of a new organism.

Ovum

The female reproductive cell or egg in animals and plants, which can fuse with a male sperm to form a zygote.

Conception

The process of becoming pregnant involving fertilization and the implantation of an embryo in the womb.