Ask Question
19 April, 17:45

According to the Fed, what were the major problems during the financial crisis of 2008? Check all that apply.

-The money supply became less liquid.

-Consumer spending increased dramatically.

-Lending and credit stopped.

-Banks were too easily able to fulfill consumer demands for loans.

-It was difficult for banks to receive the loans needed to have cash required to function.

+5
Answers (1)
  1. 19 April, 18:07
    0
    The year 2008-2009 was considered as the worst financial crisis year ever since the Great Depression happened in late 1930's. This all happened due to (1) the banks fulfilled the demands of the consumer towards loans, and (2) there was an increasing amount of consumers spending.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “According to the Fed, what were the major problems during the financial crisis of 2008? Check all that apply. -The money supply became less ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers