Which of the following was NOT a cause of the 2007-2008 financial crisis?
A) Low interest rates encouraged a housing bubble.
B) Banks and other lenders lowered their quality standard for mortgage loans.
C) Congress enacted restrictive trade policies that failed to curb imports.
D) Investors and financial institutions bought assets that required an unsustainable rise in housing prices.

Question

Quizplus · Accepted Answer

Congress enacting restrictive trade policies that failed to curb imports was not a cause of the 2007-2008 financial crisis. The other options listed were all contributing factors.

Which of the Following Was NOT a Cause of the 2007-2008