In 2007,banks across the world revealed huge losses in the U.S.subprime mortgage market.Investors shrank from illiquid securities and there was a "flight to quality."

Question

Quizplus · Accepted Answer

This is true. In 2007, banks did reveal huge losses in the U.S. subprime mortgage market, which led to a lack of liquidity in the market and investors seeking safer, more stable investments, known as a "flight to quality."

In 2007,banks Across the World Revealed Huge Losses in the U.S.subprime