With over $1200 billion in doubtful and troubled loans on their books in the early 2000s, _________ banks presented a huge potential market for the sale of distressed loans.
A)Australian
B)US
C)UK
D)Japanese

Question

Quizplus · Accepted Answer

The reference to $1200 billion in doubtful and troubled loans in the early 2000s points to the Japanese banking crisis, which resulted in a large number of non-performing loans on the books of Japanese banks.

With Over $1200 Billion in Doubtful and Troubled Loans on Their