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>.
Answer:
promote peace and economic prosperity in Europe
Explanation:
established to bring peace and prosperity to Europe after the aftermath of both World Wars
One way in which historical globalisation still affects us today is through the languages people speak; so for example a lot of people who are not English speak English and a lot of people who are not Spaniards speak Spanish
