Answers CMS 2026-2027 Economics and Personal Finance HONORS INITIAL CREDIT Practice ExamQuestion 15

15

practice examMultiple Choice

Practice Exam

Question 15 • CMS 2026-2027 Economics and Personal Finance HONORS INITIAL CREDIT

Which statement best describes the main cause of the 2008 housing market crash in the United States?

Answer

A

Many homes could not sell because housing prices rose too fast.

B

Many people could not buy new homes during a weak economy.

C

Many homes could not sell because banks charged high interest.

D

Many people could not make home payments during a weak economy.

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