Before 2008, the investment bankers thought that buying home mortgages was a good and safe investment because it was a stable investment, which is less impacted by inflation.
The “subprime” mortgages were more riskier than “prime” mortgages because the lender were more likely to default the mortgage.
<h3>What was the event "
Crisis of Credit" about?</h3>
The Crisis of Credit, also known as the financial crisis of 2008 or Global Financial Crisis referred to a severe worldwide economic crisis that occurred in the early 21st century. It was considered the most serious financial crisis since the Great Depression (1929).
In 2008, the financial crisis began with cheap credit and lax lending standards that fueled a housing bubble. When bubble burst, all banks were left holding trillions of dollars as worthless investments in subprime mortgages and the Great Recession that followed cost many their jobs, their savings and their homes.
Read more about Crisis of Credit
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Answer:
idk sorry have a good day!!!!!
Explanation:
Answer:
$3,220.90
Explanation:
Expected Return = $517 * 12 months * 20.8 years
Expected Return = $129,043.20
Exclusion Percentage = $62,000/ $129,043.20
Exclusion Percentage = 0.4804593
Exclusion Percentage = 48.05%
Exclusion amount = $6,200 * 48.05%
Exclusion amount = $2,979.1
Amount included in Income = $6,200 - $2,979.1
Amount included in Income = $3,220.90
I think the FIRST answer is North because then it goes to the MidWest.
Answer:
The correct answer is decrease in equilibrium price and a decrease in equilibrium quantity.
Explanation:
The supply being constant, a decrease in demand will cause the demand curve to shift to the left while the supply curve will remain the same.
The new demand curve will intersect the supply curve at a lower point. This rightward shift in the demand curve will cause both the equilibrium quantity as well as the equilibrium price to fall.
