Before the global economic crisis, the United States had discouraged the mortgage industry by raising lending standards for low-income families.

Question

Quizplus · Accepted Answer

Before the global economic crisis, the United States had encouraged the mortgage industry by lowering lending standards for low-income families as part of their efforts to increase homeownership rates. This led to a housing bubble that eventually burst, causing the global economic crisis.

Before the Global Economic Crisis, the United States Had Discouraged