Multiple Choice
Which of the following was a contributing factor to the housing boom and bust and the financial crisis of 2008?
A) An increase in the share of loans to sub-prime borrowers.
B) An increase in the share of loans extended to borrowers making only a small down payment.
C) An increase in adjustable-rate mortgages (ARMs) as a share of the total.
D) All of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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