El-Erian Sees a Credit Contraction, Not a Credit Crunch
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Business
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University
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Hard
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main difference between a credit crunch and a credit contraction?
A credit contraction is more severe than a credit crunch.
Both have the same impact on the economy.
A credit contraction affects the entire economy, while a credit crunch has distributional effects.
A credit crunch affects the entire economy, while a credit contraction has distributional effects.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of businesses are more affected by a credit contraction?
Government entities
Large corporations
Non-profit organizations
Small businesses
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the challenges banks face in a high-interest-rate environment?
Easier regulatory compliance
Increased capital requirements
Lower cost of doing business
Decreased capital requirements
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does the speaker describe the Federal Reserve's challenge in the current economic situation?
Achieving price stability is easy.
Balancing price stability, employment, and financial stability is difficult.
Financial stability is not a concern.
Maximum employment is the only focus.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the estimated range of basis points that credit contraction could substitute for rate hikes?
10 to 20 basis points
25 to 50 basis points
50 to 100 basis points
200 to 300 basis points
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