ECONOMICS
FEDERAL RESERVE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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housing bubble
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deregulation of banking services
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dot com bubble burst
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buying on margin
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Detailed explanation-1: -Deregulation in the financial industry was the primary cause of the 2008 financial crash. It allowed speculation on derivatives backed by cheap, wantonly-issued mortgages, available to even those with questionable creditworthiness.
Detailed explanation-2: -First, Indian banks and financial institutions had almost entirely avoided buying the mortgage-backed securities and credit default swaps that turned toxic and felled western financial institutions. Second, India’s merchandise exports were indeed hit by the Great Recession-they declined by around 30%.
Detailed explanation-3: -Does GDP Indicate a Recession? Loss of Consumer Confidence. High Interest Rates. A Stock Market Crash. Deregulation. Postwar Recessions. Credit Crunches. When Asset Bubbles Burst. More items •22-Dec-2022