Q:
      
      
         
            
Sub-prime crisis' is a term associated with which one of the following events?
         
       
      
      
      
          
      
      
          Answer & Explanation
         Answer: A) Economic recession         
         
Explanation: The United States subprime mortgage crisis was a nationwide financial crisis, occurring between 2007 and 2010, that contributed to the U.S. recession of December 2007 –June 2009.It was triggered by a large decline in home prices after the collapse of a housing bubble, leading to mortgage delinquencies and foreclosures and the devaluation of housing-related securities.
 
       
      
      
      
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