Worldwide economic melt-down that began in 2008 as a result of high interest rate raises profound questions about the usefulness of the central bank.

Question

Quizplus · Accepted Answer

The worldwide economic meltdown that began in 2008 was primarily triggered by the collapse of the housing bubble in the United States, leading to a financial crisis due to high-risk mortgage lending and the failure of major financial institutions, not primarily because of high interest rate raises.

Worldwide Economic Melt-Down That Began in 2008 as a Result