The subprime mortgage crisis that helped throw the global economy into the Great Recession bewildered a lot
Question:
The subprime mortgage crisis that helped throw the global economy into the Great Recession bewildered a lot of people. In a brief paragraph (no more than 100 words), explain what a subprime mortgage is and why these loans helped trigger the recession.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 77% (9 reviews)
A subprime mortgage is a loan offered to borrowers with poor credit histories Beca...View the full answer
Answered By
Marvine Ekina
Marvine Ekina
Dedicated and experienced Academic Tutor with a proven track record for helping students to improve their academic performance. Adept at evaluating students and creating learning plans based on their strengths and weaknesses. Bringing forth a devotion to education and helping others to achieve their academic and life goals.
PERSONAL INFORMATION
Address: , ,
Nationality:
Driving License:
Hobbies: reading
SKILLS
????? Problem Solving Skills
????? Predictive Modeling
????? Customer Service Skills
????? Creative Problem Solving Skills
????? Strong Analytical Skills
????? Project Management Skills
????? Multitasking Skills
????? Leadership Skills
????? Curriculum Development
????? Excellent Communication Skills
????? SAT Prep
????? Knowledge of Educational Philosophies
????? Informal and Formal Assessments
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
The thing a lot of people dont understand about e-commerce is the degree to which it is a scale business, says Jeff Bezos, CEO of Amazon.com. Where a conventional retailer might have to double its...
-
Explain what quality function deployment is and how it can be useful.
-
Explain what an installment loan is and how interest expense is calculated for such a loan.
-
If you were advising a legal team on how to prepare for a discovery conference, what would you recommend or include? What issues should a legal team and its client consider? What are some of the...
-
Calculate the residuals in the Games1 data. Plot a histogram of the residuals (or create a normal probability plot of the residuals). Do the residuals appear to be somewhat normally distributed?
-
A microwave oven (Figure 13.9) uses microwaves with a wavelength of 12.5 cm. The front door of the oven is made of glass with a metal grid inside; the gaps in the grid are a few millimetres across....
-
Discuss the themes, theory, and/or phenomenon that would be anticipated to emerge as a result of the examination. Develop a hypothetical research scenario that would necessitate the use of the Action...
-
Sales for the past 12 months at Dalworth Company are given here. a. Use a three month moving average to forecast the sales for the months May through December. b. Use a four-month moving average to...
-
choose the closest answer find the annual total cost of inventory. if the company using their present lot size do not use the EOQ be sure to use the present lot size . unit cost$5, ordering cost...
-
Mary O'Leary's company ships fine wool garments from County Cork, Ireland. Five years ago she purchased some new automated packing equipment having a first cost of $125,000 and a MACRS class life of...
-
If Apply temporarily cant meet demand for a product, should it raise the price to bring supply and demand into balance? Why or why not?
-
If consumers are willing to wait weeks or months for the latest iPhone, why does Apple need to worry about producing enough phones to meet immediate demand?
-
Choose a country from three of the regions presented in Table 6.7. Using the Internet, collect as much information as you believe is needed to identify the potential for market segments based on age,...
-
3 Question #2 (10 points) 1 5 The recent 2021 financnial statements for CommX Corp. are below. The company expects to experience sales 5 growth in 2022 of 12%. For 2022, assets and costs are expected...
-
What is iteration hardening and why is it important in DAD? 1. Refusing to accept changes to the sprint backlog so the team can focus on the highest priorities 2. Validating the build against the...
-
I bought my Peloton when it had a fair value of $ 2 , 4 7 5 . Peloton offered me the ability to pay $ 6 9 / mo for 3 6 months instead of paying upfront. I took it . What was my liability the day I...
-
6. What are some advantages and disadvantages of using a single I/O interrupt queue? 7. What are some advantages and disadvantages of using multiple I/O interrupt queues? Job A B C D E F| Arrival...
-
3. Three charges are placed in locations shown in the diagram below. (a) What is the electric field (magnitude and direction) at point P? Answer the direction in terms of the angle relative to the...
-
What do you believe are the key marketing objectives that managers need to focus on within each stage of a product and/or service's life cycle? Given your response, where would you focus your...
-
Write the statement to store the contents of the txtAge control in an Integer variable named intAge.
-
What is the principal difference between a business plan (as discussed in Chapter 6) and a strategic plan?
-
How do autocratic, democratic, and laissez-faire leadership differ?
-
Why are coaching and mentoring effective leadership techniques?
-
Suppose a developing country currently has a GDP per capita of $1,300 and has a goal of doubling its average standard of living in 8 years. What will be the approximate annual economic growth rate...
-
In Python Compute a root of the function f(x) = x-2 using the secant method with initial guess x = 1.5 and x = 1. Choose a different initial guess and compute another root of the function f(x).
-
Given that A F = c(t)-dt+2m(t)-di where A = 5, T = /4, T = /2, In Python c(t) = cos(t) sin(t) and m(t)=sin(t) = cos(t). Use Trapezoid Method to compute the denominator of the above formula and then...
Study smarter with the SolutionInn App