Multiple Choice
Which of the following contributed to the soaring housing prices during 2002-2004?
A) The Fed's high-interest rate policy.
B) The tightening of loan standards by commercial lenders.
C) The increasing popularity of fixed-rate, long-term loans to lock in low interest rates.
D) The Fed's low-interest rate policy.
Correct Answer:
Verified
Correct Answer:
Verified
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