Which of the following is associated with the recession of 2007-2009?
A) Hundreds of bank failures occurred.
B) The Federal Reserve and the Federal Deposit Insurance Corporation forced large banks at risk of collapse to be taken over by healthy banks.
C) Commercial banks and investment banks were allowed to merge.
D) All of these options are correct.

Question

Quizplus · Accepted Answer

All of the options listed are associated with the recession of 2007-2009. Hundreds of bank failures occurred during this period, and the Federal Reserve and the Federal Deposit Insurance Corporation intervened to stabilize the banking sector by forcing healthy banks to take over failing ones. The crisis also prompted the government to allow commercial banks and investment banks to merge in order to prevent further economic damage.

Which of the Following Is Associated with the Recession of 2007-2009