In the calm before the storm of the early 1990s recession, the economy was fueled by many factors including debt-financed purchases by some firms of all the stock or assets of other firms. These purchases were known as

a. hostile takeovers
b. junk bonds
c. leveraged buyouts
d. stock swaps
e. derivatives

C

Economics

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What policies can a government undertake to achieve faster economic growth?

What will be an ideal response?

Economics

A secondary effect of installment credit was the

(a) development of a new market in used durables. (b) emergence of a new network of dependable supplies of electric power. (c) surge in prices. (d) increased government intervention in household activity.

Economics