One root of the financial crisis of 2007-2009 was the strict money policies promoted by the U.S.Federal Reserve and other central banks after the technology bubble burst (i.e.,money was relatively expensive during this time).

Question

Quizplus · Accepted Answer

The root of the financial crisis of 2007-2009 was not the strict money policies promoted by the U.S. Federal Reserve and other central banks. Rather, it was a combination of factors such as the housing bubble, subprime mortgage crisis, and risky lending practices. Additionally, during this time, money was actually relatively cheap as interest rates were kept low to stimulate economic growth.

One Root of the Financial Crisis of 2007-2009 Was the Strict