Tracing the cause of the banking crisis of 2008-2009, which of the following organizations is not in the news as having been a contributor to the crisis?
A) The Federal Reserve suppressed interest rates which made it easier for prospective home owners and others to get loans.
B) Congress promoted questionable loans.
C) Banks dealt in MBSs (Mortgage Backed Securities) that were not as safe as assumed.
D) Pension funds invested in risky investments.
Correct Answer:
Verified
Q249: Shana works as an investment specialist for
Q249: The technical name for a savings account
Q250: Traditionally, life insurance companies, pension funds, and
Q254: The _ insures holders of accounts in
Q257: Herb has $20,000 in an interest-bearing time
Q258: Savings and loan company failures soared in
Q260: Which of the following represent an independent
Q261: The _ provides the same results as
Q262: Banks prefer that customers use an electronic
Q263: According to the Reaching Beyond our Borders
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents