In 2008 and early 2009, share values declined sharply as the global economy fell into a severe recession. This type of stock market is referred to as a:

Question

Business

Jadon

10 February, 03:59

In 2008 and early 2009, share values declined sharply as the global economy fell into a severe recession. This type of stock market is referred to as a:

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Answers (1)

Know the Answer?

Nathalia Stevens · Answer 1

The correct answer is "Bear market"

Explanation:

A bear market is a condition or period when the securities or stock prices fall 20% or more. when this condition occurs many investors opt to sell off their stocks, its a period identified for fear.

Keep in mind that this condition increases at least a two-month timeframe.