The recent economic recession of 2008 was identified as a _________ by the U.S. Government Accountability Office (GAO).

Question

Quizplus · Accepted Answer

The U.S. Government Accountability Office (GAO) identified the recent economic recession of 2008 as a banking crisis, which was caused by the collapse of the housing market and the failure of financial institutions that had invested heavily in mortgage-backed securities.

The Recent Economic Recession of 2008 Was Identified as a _________