In: Economics
Shadow banks during the 2008–2009 financial crisis included
a. Money market mutual funds |
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b. A major insurance company |
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c. Structured investment vehicles (SIVs) |
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d. All of the above |
Answer - (d) all of the above
Explanation - It's a known fact that all the above contributed to the failing of the economy in the 2008-2009 financial crisis while they were all part of the shadow banking system.