By the Height of the Housing Bubble in 2005 and Early

question 81

Multiple Choice

By the height of the housing bubble in 2005 and early 2006,lenders had greatly loosened the standards for obtaining a mortgage loan,with many mortgages being granted to ________ borrowers with flawed credit histories and ________ borrowers who did not document their incomes.

• A)sub-prime; "Alt-A"
• B)adjustable rate; shadow-banking
• C)"credit crunch"; black market
• D)"fresh-start"; prime rate

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Definitions:

Explicit Guidance

Direct, clear instructions or information about how to behave or what to do.

Particular Circumstance

A specific situation or set of conditions that distinguishes it from others; often requires tailored considerations or actions.

Identity-Based Theorists

Philosophers or theoreticians who focus on how aspects of identity (such as race, gender, and culture) influence ethical and moral considerations.

Universal Moral Concepts

Fundamental ethical principles considered to be applicable and binding across different cultures and societies.