Which of the following is associated with the recession of 2007-2009?
A)Hundreds of bank failures occurred.
B)The Federal Reserve and the Federal Deposit Insurance Corporation forced large banks at risk of collapse to be taken over by healthy banks.
C)Commercial banks and investment banks were allowed to merge.
D)All of these options

Question

Quizplus · Accepted Answer

The recession of 2007-2009 was marked by all of the options listed. The failure of hundreds of banks was a major feature of the crisis, as was the government's intervention to stabilize the banking system by forcing healthy banks to take over failing ones. Additionally, commercial and investment banks were allowed to merge during this time, which contributed to the financial instability.

Which of the Following Is Associated with the Recession of 2007-2009