During the financial crises of the 1990s, businesses and individuals
A) flourished while the financial markets collapsed.
B) offered loans to the government to prevent problems.
C) shifted assets to the stock market to take advantage of the crises.
D) defaulted on bank loans, expanding the crises.
E) did all of these.

Question

Quizplus · Accepted Answer

During the financial crises of the 1990s, businesses and individuals defaulted on bank loans, which expanded the crises. The other options are incorrect as they did not occur during this time period, and the financial markets did not flourish but instead collapsed.

During the Financial Crises of the 1990s, Businesses and Individuals