The correct answer is:
D. Too many risky loans given out.
Explanation:
The economic crisis of 2008, which was one of the worst economic crisis in the world, began when too many risky loans were given out to people who couldn't afford to pay back so eventually the debts became bigger than the money available, leading the bank system to almost collapse.
Risky loans were given to people mainly when they wanted to buy a house, because mortgage brokers sold the risky mortgages with the good mortageges to investors and banks, and because the house market was rising everybody was making money, but the bubble broke out because families were not able to pay their mortgages because of the interest rates and as more credit was given the house prices started to fall, so there was a huge debt and no one to pay for it.
Answer:
French settlers in North America learned the customs of the Indians during the Age of Exploration.
Explanation:
<span>it outlawed monopolistic business practices</span>
The population in a developed country will be higher and a lot more stable
Answer:
<h3>In 1947, he was elected President of the Kenya African Union, through which he lobbied for independence from British colonial rule, </h3><h3>attracting widespread indigenous support but animosity from white settlers. ... On his release, Kenyatta became President of KANU and led the party to victory in the 1963 general election</h3>
Explanation:
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