What was one of the main problems with states controlling their own currency? a. states always had to pay the national government more money than they were able to produce. b. states could make their own money and assign it a specific value. c. paper money would only last a few months and had to be replaced. d. state produced currency made interstate trade easier to control. please select the best answer from the choices provided a b c d

The financial crisis that has been wreaking havoc in markets in the U.S. and across the world since August 2007 had its origins in an asset price bubble that interacted with new kinds of financial innovations that masked risk; with companies that failed to follow their own risk anagement procedures; and with regulators and supervisors that failed to restrain excessive risk taking. A bubble formed in the housing markets as home prices across the country increased each year from the mid 1990s to 2006, moving out of line with fundamentals like household income. Like traditional asset price bubbles, expectations of future price

increases developed and were a significant factor in inflating house prices. As individuals witnessed rising prices in their neighborhood and across the country, they began to expect those prices to continue to rise, even in the late years of the bubble when it had nearly peaked.

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