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- 1. Multiple Choice
1. What was one thing that caused the great recession?
A. Banks had sold too many mortgage-backed securities than what could be supported by good mortgages.
B. Not enough Houses
C. Banks did not sell enough mortgage backed securities.
- 2. Multiple Choice
2. When was the great recession?
A. 1999
B. 2005
C. 2008
D. 2010
- 3. Multiple Choice
3. How long did the great recession last for?
A. 12 months
B. 15 months
C. 18 months
D. 20 months
- 4. Multiple Choice
4. Which of the following typically rises during a recession?
A. Unemployment
B. Average income
C. Production
D. Stock prices
- 5. Multiple Choice
5. Could the recession happen again?
A. Yes
B. No
- 6. Multiple Choice
6. How much did the economy shrink during this time?
A. 3 percent
B. 2 percent
C. 10 percent
D. 5 percent
- 7. Multiple Choice
7. What was a huge part of the great recession?
A. crash of the real estate market
B. crash of food market
- 8. Multiple Choice
8. What's a recession?
A. a very sad moment
B. a very happy moment
C. a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.
- 9. Multiple Choice
9. In the 1970s, several countries in the Middle East decided to pump less oil from their oil wells. Oil is often made into gasoline. What happened to the world's overall supply of gasoline?
A. The supply went up
B. The supply went down
- 10. Multiple Choice
10. Last year, taxes went up by $100 per person in Dover. What probably happened to overall demand for goods and services in Dover?
A. The demand probably went up
B. The demand probably went down
- 11. Multiple Choice
11. What period caused the US economy to collapse the most?
A. 2002-2004
B. 2003-2005
C. 2004-2006
D. 2007-2009
- 12. Multiple Choice
12. What was the original cause of the biggest mistake investors made during the financial crisis?
A. Investors sign insurance policies for banks
B. Risk of debts
C. Chasing for profit
D. Usury
- 13. Multiple Choice
13. How many packages is mortgage-backed fund structured into CMO mortgage-backed bonds?
A. 2
B. 3
C. 4
D. 5
- 14. Multiple Choice
14. The credit insurance market started small in 2002 but only by 2007 has grown to a large amount about how many US dollars
A. $20 trillion
B. $40 trillion
C. $60 trillion
D. $90 trillion
- 15. Multiple Choice
15. When The Great Recession occur, who has the greatest responsibility?
A. Doctor
B. Citizen
C. Government
D. Diplomat
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