Which of the following is associated with the recession of 2007-2009?
A) Hundreds of bank failures
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 the above

Question

Quizplus · Accepted Answer

The recession of 2007-2009 was characterized by hundreds of bank failures, the forced takeover of at-risk banks by healthy ones, and the allowance of commercial and investment bank mergers. Therefore, all of the choices listed are associated with the recession.

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