When the housing market bubble burst, many people found that:
A) they owed more than their house was now worth.
B) it was much easier to sell their home.
C) the value of their homes exceeded their mortgage loans.
D) there was a limited number of houses for sale.
Correct Answer:
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Q12: When investors follow a "herd instinct," they
Q13: When investors use borrowed funds to pay
Q14: When investors follow a "herd instinct," they:
A)
Q15: When the U.S. housing market crashed, it
Q16: The basic human tendency to overvalue recent
Q18: If the idea of herd instinct is
Q19: The first recorded example of a financial
Q20: The "housing bubble" discussed in the text
Q21: Leverage is thought to be:
A) a dangerous
Q22: When financial markets are _, leverage _;
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