Question Statement:
Based on the passage on the 2008 global financial crisis (sub-prime lending crisis in USA following the East Asian crisis, leading to banking crisis and collapse of Lehman Brothers), which sequence shows the correct precedence?
Options:
- (A) East Asian crisis → subprime lending crisis → banking crisis → global financial crisis.
- (B) Subprime lending crisis → global financial crisis → banking crisis → East Asian crisis.
- (C) Banking crisis → subprime lending crisis → global financial crisis → East Asian crisis.
- (D) Global financial crisis → East Asian crisis → banking crisis → subprime lending crisis.