The financial crisis of 2007-2009 acquired a global dimension
A) because Asian financial institutions purchased mortgage-backed securities in large quantities.
B) in spite of debt-service problems caused by leveraged buying.
C) because of government budget deficit politics in advanced countries.
D) because Japan, France, Italy and Germany experienced their own real estate bubble bursts.
E) because European financial institutions purchased mortgage-backed securities in large quantities often with borrowed money.
Correct Answer:
Verified
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