question archive Which of the following is not a element that enhanced and/or contributed the 2008 Financial crisis: A) The Oil prices being kept high because of the Iraq war B) Rating Agencies being too optimistic C) The Investments bankers' greediness with CDO's D) The FED keeping interest rates low for too long Clear selection
Which of the following is not a element that enhanced and/or contributed the 2008 Financial crisis: A) The Oil prices being kept high because of the Iraq war B) Rating Agencies being too optimistic C) The Investments bankers' greediness with CDO's D) The FED keeping interest rates low for too long Clear selection
Subject:FinancePrice:2.86 Bought3
Which of the following is not a element that enhanced and/or contributed the 2008 Financial crisis: A) The Oil prices being kept high because of the Iraq war B) Rating Agencies being too optimistic C) The Investments bankers' greediness with CDO's D) The FED keeping interest rates low for too long Clear selection
Purchase A New Answer
Custom new solution created by our subject matter experts
GET A QUOTE
Answer Preview
The factors that contributed to the 2008 economic crisis was the too much optimism shown by rating agencies, rating of AAA companies also defaulted at that time. The investment bankers were selling complex derivative products to investors who barely understands those products and the lower interest rate was another reason as it increased the supply of cheap money and housing bubble occurred. The oil prices were not a factor contributing to the 2008 crisis but the 2008 economic crisis significantly negatively affected the oil price.
So, the correct answer is
A.) The oil prices being kept high because of the Iraq war.
