Which of the following is NOT a contributory factor in the 2008-09 Great Recession?
A) The use of low introductory mortgage rates in sub-prime lending; when they expired, the mortgagees were unable to pay the increased payments.
B) Mortgages being sold on by their originating organization and not being kept on its books.
C) Chinese government bought too many U.S. government bonds.
D) The increasing complexity and interconnectivity of financial instruments such as credit default swaps.
Correct Answer:
Verified
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