According to the Fed, what were the major problems during the financial crisis of 2008? Check all that apply

The money supply became less liquid.

Consumer spending increased dramatically

Lending and credit stopped

Banks were too easily able to fulfill consumer demands for loans.

It was difficult for banks to receive the loans needed to have cash required to function

Question

History

Mikayla Lawson

9 June, 19:34

According to the Fed, what were the major problems during the financial crisis of 2008? Check all that apply

The money supply became less liquid.

Consumer spending increased dramatically

Lending and credit stopped

Banks were too easily able to fulfill consumer demands for loans.

It was difficult for banks to receive the loans needed to have cash required to function

+4

Answers (2)

Know the Answer?

KC · Answer 1

Your answers will be "The money supply became less liquid", "Lending and credit stopped", and "It was difficult for banks to receive the loans needed to have cash required to function".

Alicia Oneal · Answer 2

- The money supply became less liquid

- Lending and credit stopped

- It was difficult for banks to receive the loans needed to have cash required to function