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8 months ago
Which of the following is correct regarding the 2007 credit crisis?


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One of the causes of the 2007 credit crisis was the excess risk and leverage in the economy created by increased use of credit derivatives and CDOs.



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Canadian financial institutions were not affected by the 2007 credit crisis.



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The 2007 credit crisis was caused by the drastic drop in the price of oil.



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Significant income inequality led to the liquidity crunch, which in turn caused the 2007 credit crisis.

Textbook 
Financial Management: Theory and Practice

Financial Management: Theory and Practice


Edition: 4th
Authors:
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zitze Author
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