The spread of the financial crisis in the autumn of 2008 was NOT increased by
A)linkages between global financial markets.
B)the cross listing of firms in different markets.
C)the consolidation of the global financial system.
D)excessive debt of the government.

Question

Quizplus · Accepted Answer

Excessive debt of the government did not contribute to the spread of the financial crisis in 2008. The other options, linkages between global financial markets, cross listing of firms in different markets, and the consolidation of the global financial system, all played a role in the spread of the crisis.

The Spread of the Financial Crisis in the Autumn of 2008