PPSC Past Paper 4

The main factor attribute to the global financial crises 2008 is:

  • Subject:  Generic
  1. Great slide in oil prices in the international market
  2. Collapse of housing prices and mortgage market in the United States
  3. Huge trade imbalance between America and China
  4. None o f these
Correct Answer: Collapse of housing prices and mortgage market in the United States