The effects of the credit crisis in 2008 were largely confined to the United States, so central banks in other nations did not have to reduce their targeted interest rate levels.

Question

Quizplus · Accepted Answer

The effects of the credit crisis in 2008 were not confined to the United States and had a global impact, causing central banks in other nations to also reduce their targeted interest rate levels.

The Effects of the Credit Crisis in 2008 Were Largely