Multiple Choice
One of the trigger points for the financial crisis of 2007-2009 was when
A) interest rates on adjustable-rate mortgages were reset at a higher level.
B) foreigners started to sell off their holdings of U.S. financial instruments.
C) the Federal Reserve started to raise short-term interest rates.
D) the federal government started to engage in deficit spending.
Correct Answer:
Verified
Correct Answer:
Verified
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