A significant cause of the 2008 financial crisis was that financial institutions were:

Question

Quizplus · Accepted Answer

Financial institutions were overleveraged, meaning they had taken on too much debt and were at high risk of failure if their investments did not perform well. This led to a lack of confidence in the financial markets and ultimately contributed to the collapse of several large banks and other financial institutions, triggering the global financial crisis.

A Significant Cause of the 2008 Financial Crisis Was That