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imomo imomo
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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.
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
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blf1210blf1210
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A year ago
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imomo Author
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A year ago
Good timing, thanks!
riptide
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Yesterday
Correct Slight Smile TY
gage
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2 hours ago
You make an excellent tutor!
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