In 2008 the world dealt with the most dramatic financial crisis since the depression and bank failures of the 1930's.This crisis occurred because of all of the following except:

Question

Quizplus · Accepted Answer

An increase in global interest rates was not a significant factor in causing the financial crisis of 2008. The crisis was primarily caused by a combination of factors including increased leverage based on rising property values in the subprime mortgage business, financial institutions accepting questionable credit instruments, and a lack of effective oversight by regulatory bodies.

In 2008 the World Dealt with the Most Dramatic Financial