Multiple Choice
Which of the following contributed to the soaring housing prices during 2002-2005?
A) The Fed's low-interest rate policy.
B) Regulations that reduced the required down payment and other lending standards for home mortgages.
C) The increased leverage lending by Fannie Mae, Freddie Mac, and large investment banks.
D) All of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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