Because of the financial crisis that began in 2008, by the end of 2009:
A)unemployment was in excess of 10 percent
B)many homeowners owed more money on their mortgage loans than the their homes were worth
C)home mortgage foreclosure rates and personal and business bankruptcies were increasing
D)over 100 banks in the U.S.had already failed with over 500 more being considered financially weak
E)all of the above are true

Question

Quizplus · Accepted Answer

All of the above statements are true. The financial crisis of 2008 had a widespread impact on the economy, leading to high rates of unemployment, foreclosures, bankruptcies, and bank failures. The housing market was particularly affected, with many homeowners finding themselves underwater on their mortgages.

Because of the Financial Crisis That Began in 2008, by the End