Which of the following was not a major reason for the savings institution crisis?
A)a large proportion of loan losses on real estate loans
B)a large proportion of loan losses on loans by SIs to less-developed countries
C)fraud
D)illiquidity
E)increased interest expenses

Question

Quizplus · Accepted Answer

While there were issues with real estate loans, fraud, illiquidity, and increased interest expenses contributing to the savings institution crisis, loans to less-developed countries were not a major factor.

Which of the Following Was Not a Major Reason for the Savings