2008 Financial Crisis

What happened in 2007 leading to banks closing and an increase in unemployment?

• Pandemic

• major terrorist attack

• Financial Crisis

• tweet

In which year the world witnessed a global financial crisis?

• 2007-2008

• 2020-2021

• 1975-1977

• March 1999- July 1999

What year did Australia enter a 'technical' recession due to the Global Financial Crisis?

• 2008-09

• 2009-10

• 2010-11

• None of the above

What was one of the main causes of the 2008 Financial Crisis?

• Subprime mortgage lending

• High oil prices

• Trade wars

• Technological advancements

Which major investment bank filed for bankruptcy in September 2008, marking a significant event in the financial crisis?

• Goldman Sachs

• Lehman Brothers

• Morgan Stanley

• JPMorgan Chase

What was the U.S. government's response to stabilize the economy during the 2008 Financial Crisis?

• Increased tariffs

• Bailout packages

• Raising interest rates

• Cutting social programs

Which sector was most affected by the 2008 Financial Crisis?

• Technology

• Healthcare

• Automotive

• Housing

What financial instrument, linked to the housing market, played a significant role in the 2008 Financial Crisis?

• Credit default swaps

• Treasury bonds

• Corporate stocks

• Cryptocurrencies

Which U.S. President was in office during the 2008 Financial Crisis?

• George W. Bush

• Barack Obama

• Bill Clinton

• Donald Trump

What was the name of the act passed in 2010 to reform financial regulation in response to the 2008 crisis?

• Dodd-Frank Act

• Glass-Steagall Act

• Sarbanes-Oxley Act

• Patriot Act