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Question

Sub-prime crisis' is a term associated with which one of the following events?

A Economic recession Correct Answer Incorrect Answer
B Political instability Correct Answer Incorrect Answer
C Structural adjustment programmes Correct Answer Incorrect Answer
D Growing social inequality Correct Answer Incorrect Answer
E None of the above Correct Answer Incorrect Answer

Solution

The United States subprime mortgage crisis was a nationwide financial crisis, occurring between 2007 and 2010, that contributed to the U.S. recession of December 2007 – June 2009. It was triggered by a large decline in home prices after the collapse of a housing bubble, leading to mortgage delinquencies and foreclosures and the devaluation of housing-related securities.

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