One of the Lessons Learned from the 2008 Financial Crisis

Multiple Choice

One of the lessons learned from the 2008 financial crisis was that:

A) banks had been overregulated.
B) the Federal Deposit Insurance Corporation was ineffective.
C) banking regulation was too narrow; before the crisis, shadow banks were not subject to the same regulation as depository institutions.
D) financial crises are usually very short, and recovery from them is relatively quick and easy.