Which of the following contributed to the global economic crisis of 2008?
A)Low interest rates encouraging less qualified buyers to purchase houses
B)An excessive outflow of foreign capital
C)A large amount of subsidies being offered by the government
D)Low ratings of mortgage-backed subprime securities
E)A sharp increase in personal savings

Question

Quizplus · Accepted Answer

Low interest rates encouraged less qualified buyers to purchase houses, leading to a housing bubble and subsequent financial crisis when these buyers defaulted on their loans.

Which of the Following Contributed to the Global Economic Crisis