The "Shadow Banking System" Refers to

Multiple Choice

The "shadow banking system" refers to

A) the provision of credit through the underground economy when the financial crisis of 2007 and 2008 occurred.
B) the process by which securities exchanges provide credit for personal and business needs apart from traditional bank lending.
C) the series of illegal financial transactions that precipitated the financial crisis of 2007 and 2008.
D) mortgage loans made to homebuyers who are poor credit risks.