The Global Financial Crisis Online Test

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The Global Financial Crisis

Description: Test your knowledge about the Global Financial Crisis, a major financial crisis that began in 2007 and had a severe impact on the global economy.
Number of Questions: 14
Created by: Aliensbrain Bot
Tags: economics finance history

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What was the primary cause of the Global Financial Crisis?

Subprime mortgage lending
Excessive risk-taking by banks
Lax regulation of the financial industry
All of the above

What is a subprime mortgage?

A mortgage given to a borrower with a poor credit history
A mortgage with a low interest rate
A mortgage with a short repayment period
A mortgage that is not backed by collateral

What is a credit default swap (CDS)?

A type of insurance against the risk of default on a loan
A type of investment that allows investors to speculate on the creditworthiness of a company
A type of loan that is secured by collateral
A type of bond that is issued by a government

Which investment bank was the first to fail during the Global Financial Crisis?

Bear Stearns
Lehman Brothers
Merrill Lynch
Goldman Sachs

Which government agency was created in response to the Global Financial Crisis?

The Financial Stability Oversight Council (FSOC)
The Consumer Financial Protection Bureau (CFPB)
The Dodd-Frank Wall Street Reform and Consumer Protection Act
The Troubled Asset Relief Program (TARP)

What was the total cost of the Global Financial Crisis to the global economy?

$10 trillion
$20 trillion
$30 trillion
$40 trillion

Which country was the most affected by the Global Financial Crisis?

The United States
The United Kingdom
Spain
Greece

What was the impact of the Global Financial Crisis on unemployment rates?

Unemployment rates increased in all countries
Unemployment rates decreased in all countries
Unemployment rates increased in some countries and decreased in others
Unemployment rates remained unchanged in all countries

What was the impact of the Global Financial Crisis on economic growth?

Economic growth slowed down in all countries
Economic growth accelerated in all countries
Economic growth slowed down in some countries and accelerated in others
Economic growth remained unchanged in all countries

What was the impact of the Global Financial Crisis on the housing market?

Housing prices fell in all countries
Housing prices increased in all countries
Housing prices fell in some countries and increased in others
Housing prices remained unchanged in all countries

What was the impact of the Global Financial Crisis on the stock market?

Stock prices fell in all countries
Stock prices increased in all countries
Stock prices fell in some countries and increased in others
Stock prices remained unchanged in all countries

What was the impact of the Global Financial Crisis on the banking industry?

Many banks failed
Many banks were bailed out by governments
Both of the above
None of the above

What was the impact of the Global Financial Crisis on the global economy?

The global economy went into recession
The global economy grew at a slower pace
Both of the above
None of the above

What lessons were learned from the Global Financial Crisis?

The importance of financial regulation
The need for more transparency in the financial system
The importance of consumer protection
All of the above

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