At the end of 2008,commercial banks and other financial institutions collectively owned $20 billion in commercial real estate equity.The vast majority of these holding are the result of which of the following types of investment by these institutions?

Question

Quizplus · Accepted Answer

The most likely reason for commercial banks and other financial institutions collectively owning $20 billion in commercial real estate equity at the end of 2008 is due to real estate obtained as a result of borrower default and foreclosure. This is because of the global financial crisis that occurred at that time, which led to a significant number of defaults and foreclosures.

At the End of 2008,commercial Banks and Other Financial Institutions