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Which Two Factors Heated the Boom in the Dubai Housing

Question 1

Multiple Choice

Which two factors heated the boom in the Dubai housing and construction sectors between 2000 and 2008?

A) the UAE Central Bank lowered interest rates in 2001 but raised interest rates in 2007.
B) the UAE Central Bank lowered interest rates in 2001 but delayed changing interest rates in 2007.
C) the UAE Central Bank raised interest rates in 2001 and raised interest rates in 2007.
D) the UAE Central Bank raised interest rates in 2001 but lowered interest rates in 2007.
E) the UAE Central Bank raised interest rates in 2001 but did not change interest rates in 2007.

Correct Answer: