Question

In: Economics

Shadow banks during the 2008–2009 financial crisis included a. Money market mutual funds b. A major...

Shadow banks during the 2008–2009 financial crisis included

a. Money market mutual funds

b. A major insurance company

c. Structured investment vehicles (SIVs)

d. All of the above

Solutions

Expert Solution

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.


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