Which of the following best describes the financial crisis of 2008 ?
The 2008 global financial crisis was triggered by a combination of overly liberal mortgage credit availability, lax subprime housing lending standards, and severe asymmetric…
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Which of the following best describes the financial crisis of 2008 ?
Answer and explanation
Correct answer D
The 2008 global financial crisis was triggered by a combination of overly liberal mortgage credit availability, lax subprime housing lending standards, and severe asymmetric information, adverse selection, and moral hazard across securitized mortgage-backed financial markets.
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UGC NET Management