Who said the 2008 Financial Crisis could have resulted in a 1930s style global financial and economic meltdown?

2008 Financial Crisis

Quiz
•
Financial Education
•
8th Grade
•
Hard
Josh Hawkins
Used 2+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Ben Bernanke
Jacob Clifford
Adrienne Hill
Alan Greenspan
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What financial instrument is created by securitizing mortgages?
Credit default swaps
Treasury Bonds
Mortgage backed-securities
Collateralized debt obligations
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What term is used to describe loans made to people with low income and poor credit in the 2000s?
Adjustable rate mortgages
Secured loans
Sub-prime mortgages
Prime mortgages
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What was the name of the program that the government enacted to help bail out the banks?
The Economic Stimulus Act
TARP
The Housing Relief Fund
The Federal Reserve Program
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
In what year did Congress pass a financial reform called the Dodd-Frank law?
2010
2009
2008
2011
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What does the term 'moral hazard' refer to in the context of the 2008 financial crisis?
The government's responsibility to bail out failing banks
The ethical standards of financial institutions
The risk of lending to sub-prime borrowers
One person taking on more risk because someone else bears the burden
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What was a major cause of the 2008 financial crisis according to the text?
Over-regulation of the financial industry
Perverse incentives and moral hazard
A sudden increase in the price of oil
A global shortage of housing
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