Which of the Following Did Not Contribute to the Financial

question 46

Multiple Choice

Which of the following did not contribute to the financial crisis?

• A) The change from mark-to-market accounting to
• B) Solid credit ratings from the ratings agencies
• C) The extension of credit to high-risk borrowers
• D) The takeover of JPMorgan Chase by Bear Sterns
• E) Mark this response if all of the above contributed to the financial crisis

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Definitions:

State Tax Registration

The process by which a business or individual registers with a state authority to collect, report, and remit taxes as required by law.

Liability

Legal responsibility or obligation, especially for debts or damages.

Organizational Form

The structure or framework adopted by a business or entity that dictates its operational and governance approach, such as a corporation, partnership, or sole proprietorship.

Owners' Acts

Legal actions or decisions made by the owners of a property or business.