Which of the following is thought to have been the primary contributor to the Crash of October 2008?
A)quantitative easing
B)activities in the judicial system
C)qualitative easing
D)commercial loan defaults
E)subprime loan defaults

Question

Quizplus · Accepted Answer

The primary contributor to the Crash of October 2008 was the high rate of subprime loan defaults, which triggered a wave of mortgage-backed securities defaults and led to a crisis in the financial sector.

Which of the Following Is Thought to Have Been the Primary