Even though business is global, the credit crisis of 2008, started by an American investment bank, was limited to the American economy with fortunately no impact on the global economy.

Question

Quizplus · Accepted Answer

This statement is false. The credit crisis of 2008 had a significant impact on the global economy, with many countries experiencing recession and financial instability. The crisis originated in the United States, but its effects were felt worldwide.

Even Though Business Is Global, the Credit Crisis of 2008