The roots of the financial crisis in the first decade of the 21st century were in the ______ market.

Question

Quizplus · Accepted Answer

The financial crisis of the first decade of the 21st century can be traced back to the housing market, where subprime mortgages were given to unqualified borrowers who were unable to repay the loans. The widespread defaults on these mortgages led to a housing market crash, which in turn led to a larger financial crisis.

The Roots of the Financial Crisis in the First Decade