Question

How did the mortgage crisis affect minorities during the Great Recession?

a. They were not given loans.

b. They were pushed into subprime mortgages.

c. They made great gains in homeownership.

d. The Great Recession had little effect on them.

e. Banks, such as Wells Fargo, charged lower fees to blacks and Hispanics.

ANS: B TOP: The Great Recession DIF: Moderate

REF: Full p. 1111 | Seagull pp. 1129, 1132

MSC: Understanding OBJ: 1. Explain what events eroded support for President Bushs policies during his second term.

Answer

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