1.A major factor in the severity of the 200709 financial crisis was the massive amounts of debt taken on by: a. individuals b.business in Europe c.governments in South America d.Asian productivity gains 2.Creating and transferring money are integral parts of the: a.investment process b.capital formation process c.savings process d.treasury process 3. The savings-investment process a. involves the transfer of business funds to individuals for investing in stocks and bonds involves the transfer of business funds to individuals for investing in homes c. involves the transfer in individual savings to the Federal Government. d. involves the transfer in individual savings to business firms in exchange for their securities