Prior to the recession that began in 2008, many businesses became highly leveraged, which is another term for a company with a high debt-to-assets ratio.

Name: Prior to the recession that began in 2008, many businesses became highly leveraged, which is another term for a company with a high debt-to-assets ratio.
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Quizplus · Accepted Answer

This statement is true. Prior to the recession, many businesses had high levels of debt, which made them vulnerable to economic downturns.

Prior to the Recession That Began in 2008, Many Businesses