The question to be answered for the essay is:Define moral hazard in a financial sense. What must be present for moral hazard to arise?
Describe the moral hazard that occurred with the Great Recession of 2007 – 2009. How could
this type of behavior be avoided in the future?The text book needed to be referenced:Financial Management: Concepts and ApplicationsStephen Foerster, 2015PearsonISBN.13: 978-0-132-93664-4

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