During the 2007 - 2009 financial crisis,many major financial institutions and business corporations were on the verge of collapse or failure;however,some of the very largest corporations and financial institutions were deemed as being ________ because their failure would cause cascading negative repercussions throughout the U.S.and many foreign economies.

Question

Quizplus · Accepted Answer

The term "too big to fail" refers to the idea that some corporations or financial institutions are so large and interconnected with other parts of the economy that their failure would have catastrophic consequences. This was the situation that many of the largest institutions found themselves in during the 2007-2009 financial crisis. Therefore, option D is the most appropriate choice that fits the description given in the question.

During the 2007 - 2009 Financial Crisis,many Major Financial Institutions