Prior to the financial crisis of 2007-2009 banks did all but which of the following to bulk up their profit:

Question

Quizplus · Accepted Answer

Prior to the financial crisis of 2007-2009, banks did A, B, and C to bulk up their profit. However, colluding to fix interest rates is not a legitimate way for banks to increase their profits and is also illegal. It was revealed after the financial crisis that banks such as Barclays had colluded to manipulate the LIBOR (London Interbank Offered Rate) which is a key interest rate benchmark.

Prior to the Financial Crisis of 2007-2009 Banks Did All