Question

Which of the following was a contributing factor to the economic crisis of 2008?

A. balanced budget and decreased federal deficits.
B. lower taxes and more disposable income for families.
C. indiscriminate and risky banking practices.
D. increased federal funding tied to stuent academic success.

Answer 1

Indiscriminate and risky banking practices were a contributing factor to the economic crisis of 2008. The correct answer between all the choices given is the third choice or letter C. I am hoping that this answer has satisfied your query and it will be able to help you in your endeavor, and if you would like, feel free to ask another question.

Answer 2

Indiscriminate and risky banking practices were a contributing factor to the economic crisis of 2008. The correct answer between all the choices given is

C. indiscriminate and risky banking practices.

Explanation:

It began in 2007 with a mess in the subprime contract market in the United States and expanded into a full-blown worldwide banking crisis with the failure of the investment bank Lehman Brothers on September 15, 2008. The crisis was nevertheless followed by a global economic downturn, the Great Depression.