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JSmith1 JSmith1
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A year ago
What effect did the declines in housing prices in the United States in the late 2000s have on the banking sector?

▸ Most banks made a lot of money by betting against housing prices, leading to a general increase in bank profits.

▸ The resulting consumer mortgage defaults resulted in large profits for banks.

▸ The resulting consumer mortgage defaults resulted in large losses for banks.

▸ Banks became increasingly willing to lend money to borrowers.
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Macroeconomics

Macroeconomics


Edition: 3rd
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dcmc92dcmc92
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A year ago
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JSmith1 Author
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A year ago
Thanks
ealvino1610
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Yesterday
This helped my grade so much Perfect
hpascoe
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2 hours ago
Good timing, thanks!
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