This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Why did the fall in housing prices lead to bank failures in the U.S. during 2007-2009? What will ... (Read 63 times)

mspears3

  • Hero Member
  • *****
  • Posts: 586
on: Jun 30, 2018
Why did the fall in housing prices lead to bank failures in the U.S. during 2007-2009?
 
  What will be an ideal response?

Question 2

The table above gives information about the economy of Spain. If the growth rate in 1998 is maintained, real GDP will double in ________ years.
 
  A) 10 B) 18 C) 19 D) 4 E) 25


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

stanleka1

  • Sr. Member
  • ****
  • Posts: 325
Reply #1 on: Jun 30, 2018
Answer to Question 1

Falling housing prices led to mortgage delinquencies during 2007-2009. Many people stopped making payment for their mortgages either because they did not have money to pay or because they realized that it was not optimal to keep paying interest on a mortgage that vastly exceeded the value of the home. As a result, the number of home foreclosures increased and banks had no way of recouping the money as the foreclosed houses had to be sold at prices much below their original value.

Answer to Question 2

B


mspears3

  • Member
  • Posts: 586
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

kilada

  • Member
  • Posts: 311
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Gunnar Kaasen and Balto, the lead dog on the last relay team of the 1925 serum run to Nome. Gunnar Kaasen and Balto, the lead dog on the last relay team of the 1925 serum run to Nome.
The grey side-gilled sea slug Pleurobranchaea maculata. The discovery of tetrodotoxin in this slug i The grey side-gilled sea slug Pleurobranchaea maculata. The discovery of tetrodotoxin in this slug i
The recent mass upheavals in Tunisia, Egypt, Libya, Yemen, and Syria gave political scientists a cha The recent mass upheavals in Tunisia, Egypt, Libya, Yemen, and Syria gave political scientists a cha
Note the discovery as the air filter housing was opened during service on a Pontiac Bonneville. The ... Note the discovery as the air filter housing was opened during service on a Pontiac Bonneville. The ...
Household Income in the United States by Quintiles, 2009 Household Income in the United States by Quintiles, 2009
GDP per Capita in the United States, 1870–2009 (Ratio Scale) GDP per Capita in the United States, 1870–2009 (Ratio Scale)
Video: The primary factors that affect circulation - MABP, CO and SVR

For a complete list of videos, visit our video library