financial crisis 2008
Quiz by Mukesh Virk
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10 questions
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- Q1Which of the following was a major cause of the 2008 financial crisis?The rise of cryptocurrencyAn increase in oil pricesThe collapse of the housing bubbleA decline in global trade30s
- Q2Which financial institution is considered to have played a pivotal role in the financial crisis of 2008 due to its bankruptcy?JP Morgan ChaseLehman BrothersMorgan StanleyGoldman Sachs30s
- Q3What type of financial product was largely blamed for the 2008 financial crisis due to their risky nature?Subprime mortgagesTreasury billsGovernment bondsBlue-chip stocks30s
- Q4What government action was taken to stabilize the financial system during the 2008 crisis?The Troubled Asset Relief Program (TARP)The Dodd-Frank ActThe Federal Reserve Interest Rate IncreaseQuantitative Easing II30s
- Q5What was a significant consequence of the 2008 financial crisis for the global economy?Increase in consumer confidenceDecrease in unemployment ratesA period of rapid economic growthA severe recession worldwide30s
- Q6What role did credit rating agencies play in the 2008 financial crisis?They provided insurance for home loansThey assigned high ratings to risky mortgage-backed securitiesThey lowered interest ratesThey regulated mortgage lenders30s
- Q7Which event is often considered the triggering point of the financial crisis in 2008?The increase in consumer spendingThe spike in oil pricesThe rise in unemployment ratesThe failure of Lehman Brothers30s
- Q8Which financial term describes the phenomenon where banks were unwilling to lend to each other during the financial crisis?Credit expansionInflation surgeInterbank lending freezeInterest rate hike30s
- Q9What economic indicator dropped drastically as a result of the 2008 financial crisis, leading to widespread job losses?Gross Domestic Product (GDP)Unemployment rateInflation rateStock market index30s
- Q10What was the primary reason for the housing bubble leading up to the 2008 financial crisis?Increased availability of luxury homesDecreased demand for housingHigh interest rates on savings accountsExcessive mortgage lending to subprime borrowers30s