The global financial crisis of the 21 century is more complex than earlier crises as:
A) financial innovation allowed the creation of complex assets whose risk profiles were hard to assess
B) financial innovation allowed the creation of complex assets which were hard to value
C) it spread more quickly from the US to other countries
D) all of the answers given

Question

Quizplus · Accepted Answer

The global financial crisis of the 21st century was indeed more complex due to financial innovations that led to the creation of complex assets with difficult-to-assess risk profiles and hard-to-value characteristics, and it also spread more quickly from the US to other countries, making all the given options correct.

The Global Financial Crisis of the 21 Century Is More