What is the name commonly used to refer to the recent national crisis in which with many mortgages were issued to borrowers with poor credit histories, resulting in numerous loan defaults?
A) Mortgage meltdown
B) Subprime crisis
C) Credit default swap
D) Credit score crisis
E) Mortgage balloon crisis

Question

Quizplus · Accepted Answer

The subprime crisis refers to the national crisis in which many mortgages were issued to borrowers with poor credit histories, resulting in numerous loan defaults. The other options are either incorrect or unrelated to this specific crisis.

What Is the Name Commonly Used to Refer to the Recent