Answer:
C. poorly chosen mortgage loans, falling housing prices, and a contracting economy.
Explanation:
According to my research on the events that caused the 2007/2008 economic crisis in the United States of America, it can be said that there was a "perfect storm" of factors that contributed to this economic crisis. This Perfect Storm of factors were poorly chosen mortgage loans, falling housing prices, and a contracting economy. These factors combined caused the housing market to crash which also led to the stock market crashing.
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Answer: Edit option allows everyone in a group to edit the contents work
Explanation:
Hope it helps
Is that more people will buy your product
Answer:
1. Lending to people of poor credit history
2. Yes
Explanation:
1. What is a "subprime mortgage,"
<em>Subprime mortgages by definition is the act of lending money to people of poor credit history or bad credit rating.</em>
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2. Would a subprime borrower be likely to pay a higher or a lower interest rate than a borrower with a better credit history?
Just like the name suggests, subprime will mean lending at a rate higher than the prime rate which means they pay higher interest rates because the fact that they have poor credit ratings or history means that they are more likely to default,
It is hence logical that since the risk of lending to them is higher, they need to compensate for that by paying a higher interest rate.