The Great Recession Quiz

The Great Recession Quiz

Professional Development

7 Qs

quiz-placeholder

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The Great Recession Quiz

The Great Recession Quiz

Assessment

Quiz

History

Professional Development

Hard

Created by

Marian Moore

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7 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

When did the Great Recession occur?

2007 to 2009

2000 to 2002

2010 to 2012

1995 to 1997

2.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

What was the primary cause of the Great Recession?

Financial regulation failures

Excessive borrowing by households

Subprime mortgage crisis

Stock market crash

3.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

What is a subprime mortgage?

A mortgage issued to borrowers with no credit history

A mortgage issued to borrowers with high credit ratings

A mortgage issued to borrowers with low credit ratings

A mortgage issued to borrowers with average credit ratings

4.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

Why did banks start giving subprime mortgages to people with low credit ratings?

To help people achieve the American dream of homeownership

To take advantage of the booming economy

To stimulate the housing market

To make a large profit from high interest rates

5.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

What happened to the housing market in 2007?

The housing bubble stabilized and home prices remained steady

The housing bubble grew and home prices skyrocketed

The housing bubble had no impact on home prices

The housing bubble burst and home prices dropped rapidly

6.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

How did the Great Recession affect the average American?

The national deficit decreased

Many people and businesses suffered huge financial losses

The economy improved and everyone became wealthier

Financial firms were able to lend more money

7.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

How many Americans lost their jobs during the Great Recession?

Over 8 million

Less than 1 million

Around 4 million

Exactly 2.5 million