2008 was a unique year in the credit markets because the leader, in traditional times, provided no net new funds to credit markets.

Name: 2008 was a unique year in the credit markets because the leader, in traditional times, provided no net new funds to credit markets.
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Question

Quizplus · Accepted Answer

In 2008, banks that were traditionally the leaders in providing new funds to credit markets were actually reducing their lending, resulting in no net new funds being provided.

2008 Was a Unique Year in the Credit Markets Because