Quiz  /  Financial Crisis of 2007-08 Quiz

  • 1. 
    The financial crisis of 2007-08 originated in the following country.

  • United States
  • Russia
  • Greece
  • England

  • 2. 
    This economist was the head of the Federal Reserve Bank of the United States during the financial crisis of 2007-08.

  • Larry Summers
  • Alan Greenspan
  • Ben Bernanke
  • Janet Yellen

  • 3. 
    In August 2007, this bank signaled the beginning of the financial crisis of 2007-08 by blocking withdrawals from three hedge funds citing “a complete evaporation of liquidity.”

  • Bank of America
  • JP Morgan Chase
  • BNP Paribas
  • Wells Fargo

  • 4. 
    The fourth biggest U.S. investment bank that collapsed during the financial crisis of 2007-08 and filed the largest bankruptcy in U.S. history was:

  • Morgan Stanley
  • Lehman Brothers
  • Bank of America
  • Arthur Anderson

  • 5. 
    The global insurance company that was effectively bailed out by U.S. taxpayers’ money during the financial crisis of 2007-08 was:

  • State Farm Insurance
  • Progressive
  • AIG
  • Geico

  • 6. 
    The index that measures home prices in the U.S. and that reached a historic peak right before the financial crisis of 2007-08 is called:

  • The Case-Shiller index
  • The Herfindahl-Hirschman index
  • The Lerner index
  • The Consumer Price index

  • 7. 
    During the financial crisis of 2007-08, which financial instruments commonly came to be called “Toxic Assets”?

  • Mortgage-Backed Securities
  • Government Bonds
  • Treasury Bills
  • S&P Stocks

  • 8. 
    The period of economic downturn that ensued after the financial crisis of 2007-08 and affected many countries world-wide is called:

  • The Great Collapse
  • The Great Recession
  • Black Friday
  • The Great Depression

  • 9. 
    The Federal Reserve chairman who admitted that the Fed under-regulated the financial markets in the 1990s (which resulted in a housing bubble that later burst and led to the financial crisis) was:

  • Stanley Fisher
  • Alan Greenspan
  • Alan Blinder
  • Ben Bernanke
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