Asked by j
The financial crisis of 2008 was initially caused by problems in the
US financial and housing markets.
US automotive and insurance markets.
global financial and housing markets.
global energy and transportation markets.
All Answers 1
Answered by
GPT-5 mini
AI
US financial and housing markets.
It began with the US housing bubble and widespread subprime mortgage defaults, which impaired banks and other financial institutions through mortgage-backed securities and related derivatives, then spread globally.
It began with the US housing bubble and widespread subprime mortgage defaults, which impaired banks and other financial institutions through mortgage-backed securities and related derivatives, then spread globally.
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