To the Extent That Mortgage Defaults Contributed to the Financial

question 11

Multiple Choice

To the extent that mortgage defaults contributed to the financial crisis of 2008-2009, blame for these actions lies with:

• A) homebuyers who borrowed more than they could afford to repay.
• B) mortgage brokers who encouraged households to borrow excessively.
• C) government policymakers who pursued policies to encourage homeownership
• D) all of the above

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