The "democratization of credit" was attributed to ________.
A) the subprime mortgage market
B) the 2000-2001 recession
C) growth of prime mortgages
D) asset-price gaps

Question

Quizplus · Accepted Answer

The "democratization of credit" refers to the expansion of credit to lower-income individuals and those with weaker credit histories, and this expansion was largely driven by the subprime mortgage market in the early 2000s.

The "Democratization of Credit" Was Attributed to ________