Question

Which one of the following statements related to market crashes is correct?

A) Financial market crashes are unique to the United States.

B) A market crash tends to occur within a week but have effects that last many years.

C) Once the market finally crashed in 1929, stock prices began a long period of steady increases.

D) The market crash of 1987 occurred on a day when trading volume was light indicating there were a limited number of irrational investors involved.

E) Actions in Washington, D.C., may have helped contribute to the market crash in 1929 but not to the 1987 crash.

Answer

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