The financial crisis of 2008 was caused in part by declining real estate values and defaults on mortgage payments.

Name: The financial crisis of 2008 was caused in part by declining real estate values and defaults on mortgage payments.
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This statement is true. The financial crisis of 2008 was largely caused by a housing bubble that burst, leading to widespread foreclosures and declining real estate values which had a ripple effect on the entire economy.

The Financial Crisis of 2008 Was Caused in Part by Declining