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svet-max [94.6K]
3 years ago
13

How do you think the rise in subprime lending contributed to the credit crunch ?

Geography
1 answer:
Aneli [31]3 years ago
8 0

Answer:

Subprime lending is the practice of lending to borrowers who have poor credit-ratings. In other words, borrowers who are very likely to default on their debts.

Explanation:

With the expansion of subprime leding due to expansionary fiscal and monetary policies, banks got many risky assets that created a bubble. The bubble burst out and generated the Great Recession of 2007-2008.

Because so many clients could not pay their debts, banks saw their assets diminish while their liabilities rose quickly. This not only led to a credit crunch due to the poor financial health of the banks, but also the loss of viability for many banks. This is why the government had to step in, and in conjunction with the Federal Reserve, provide billions of dollars in relief for financial institutions.

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An elephant lives in a grassland area.
Lunna [17]

Answer:

The Asian elephant is the largest land mammal on the Asian continent. They inhabit dry to wet forest and grassland habitats in 13 range countries spanning South and Southeast Asia. While they have preferred forage plants, Asian elephants have adapted to surviving on resources that vary based on the area.

Asian elephants are extremely sociable, forming groups of six to seven related females that are led by the oldest female, the matriarch. Like African elephants, these groups occasionally join others to form larger herds, although these associations are relatively short-lived. In Asia, elephant herd sizes are significantly smaller than those of savannah elephants in Africa.

More than two-thirds of an elephant's day may be spent feeding on grasses, but it also eats large amounts of tree bark, roots, leaves, and small stems. Cultivated crops such as bananas, rice, and sugarcane are favorite foods. Elephants are always close to a source of fresh water because they need to drink at least once a day.

In Asia, humans have had close associations with elephants over many centuries, and elephants have become important cultural icons. According to Hindu mythology, the gods (deva) and the demons (asura) churned the oceans in a search for the elixir of life so that they would become immortal. As they did so, nine jewels surfaced, one of which was the elephant. In Hinduism, the powerful deity honored before all sacred rituals is the elephant-headed Lord Ganesha, who is also called the Remover of Obstacles.

8 0
3 years ago
What does the theory of plate tectonics explain that continental drift theory could not explain?
mamaluj [8]

Answer:

A. unusual distribution of fossils in the Southern Hemisphere

Explanation:

7 0
3 years ago
Which layer is the coolest?<br> Inner core<br> outer core <br> upper mantle <br> lower mantle
andrezito [222]
The coolest layer is the crust. The crust is on the surface of the earth (where we are) . Inner Core
5 0
3 years ago
What does it mean to call Pakistan's system of laws "blended"?
IrinaK [193]

The answer is D. That Pakistan's laws are based on secular and Islamic principles

Hope this helped you:)

7 0
3 years ago
Read 2 more answers
A certain sample of limestone formed when shells from organisms were buried under layers of sediment and experienced pressure. A
Tamiku [17]

Answer:

The problem with this classification is clastic sedimentary rocks are not formed with organic elements, that is, they do not form with the remains of organisms, such as shells, for example

Explanation:

The student made an incorrect classification. This is because he classified a rock formed from shells as clastic sedimentary rock.

Shells are organic materials, as they are the remains of living organisms. Organic material is not capable of forming clastic sedimentary rocks, as these rocks are formed only by sediments. Remains of organisms, manage to form a type of rock called organic rock.

3 0
2 years ago
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