Answer:
The correct answers are:
- B) Thousands of homes were foreclosed on
- D) Banks tightened credit restrictions again
Explanation:
B) Adjustable Mortgage Rate (ARM) changes every certain period of time. When this period ends, ARM resets to whatever the prevailing interest rate is. Many borrowers who did not anticipate this, had to pay more for their monthly mortgage. As a result, <em>banks foreclosed homes of those borrowers, who could not pay their monthly mortgage</em>.
D) To prevent (or alleviate) the real estate crash, banks tightened their criteria for potential borrowers selection. <em>Borrowers who most likely would not be able to sustainable make their payments, were left out</em>.
Germany’s leaders issued a single currency to promote a strong unified German economy.
<u>Explanation:</u>
German reunification occurred in 1990 where the leaders of the East Germany and the West Germany signed a treaty meant to establish the monetary and economic matters of the two countries.
Since they were separate countries, each country had its own currency and the decision was reached to only use West Germany currency. The reason was that West Germany currency Deutsche Mark had a very good reputation and was fairly stable. The treaty resulted in both countries using each other's financial policies and legislature which strengthened the political union.
Answer:
when country A faces a smaller opportunity cost in the production of certain goods as compared to country B
Explanation:
I'm gonna go with this one because comparative advantage is when a country produces a lot of a particular item but doesn't consume that much because of the amount they are able to produce. They also are able to produce this item at a good opportunity price.
let me know if this helps enough.
Answer:
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Information and Communication Technology is a blanket term encompassing all the technologies and services involved in computing, data management, telecommunications provision, and the internet. These technologies all deal with the transmission and reception of information of some kind.
Explanation:
