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Europeans in General Took a Less Frantic Approach to the 2008-2009

Question 17

Multiple Choice

Europeans in general took a less frantic approach to the 2008-2009 financial crisis than Americans because


A) their governments had created numerous safety nets, including national health insurance and generous pensions.
B) home ownership is rare in Europe.
C) Europeans have a very low rate of saving.
D) they are not part of the global financial community.

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