Between October 2007 and March 2009, asset prices in the stock market fell by ________.
A) over 50 percent
B) 10 percent
C) around 16 percent
D) less than 30 percent

Question

Quizplus · Accepted Answer

During this time period, the stock market experienced the financial crisis and the Great Recession. The S&P 500 fell from its peak of 1,565 in October 2007 to a low of 676 in March 2009, which is a decrease of over 50 percent. Therefore, choice A is the best fit.

Between October 2007 and March 2009, Asset Prices in the Stock