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Which of the following is a contributing factor of the Global Financial Crisis in 2008? O A. China, Japan, and OPEC all had accumulated a
Which of the following is a contributing factor of the Global Financial Crisis in 2008? O A. China, Japan, and OPEC all had accumulated a large sum of foreign reserves in USD. These foreign reserves were used to buy US government securities and investments in the US. 0 B. The Fed maintained a low interest rate policy throughout early 20003. C. Many banks lowered their credit standards to attract new home buyers who could not normally afford to buy. 0 D. Banks re-packaged these socalled subprime mortgages into mortgage-backed securities (MBSs) to be sold to investors. O E. All of the answers here are correct
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