Identify the correct sequence of events leading up to credit problems that affected the economy:

Consumers became unable to pay back loans.

the economy grew.

banks loosened their criteria for approving loans and credit.

spending halted, and the economy experienced a recession.

consumers spent more.

businesses were left without payment on purchases they'd financed.

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2 April, 13:10

Identify the correct sequence of events leading up to credit problems that affected the economy:

Consumers became unable to pay back loans.

the economy grew.

banks loosened their criteria for approving loans and credit.

spending halted, and the economy experienced a recession.

consumers spent more.

businesses were left without payment on purchases they'd financed.

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Felix Bradshaw · Answer 1

Banks loosened their criteria for approving loans and credit

Consumers spent more

the economy grew

consumers became unable to pay back loans

businesses were left without payment on purchases they'd financed

spending halted, and the economy experience a recession