When Housing Prices Fell as They Did Beginning in 2006

question 121

Multiple Choice

When housing prices fell as they did beginning in 2006 following the housing market bubble,most banks and other lenders ________ the requirement for borrowers,making it ________ for potential home buyers to obtain mortgages.

• A)tightened; easier
• B)tightened; harder
• C)eased; easier
• D)eased; harder

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Definitions:

Denying Credit

Refusing to extend financial credit or loans to an individual or entity based on assessment criteria such as credit history.

Counterproposal

A proposal offered in response to an initial proposal, aiming to negotiate or improve the terms of an agreement.

Relationship

A connection or association between two or more entities, often characterized by mutual dealings or a bond.

Reader

A person who reads or is the intended recipient of written or printed material.