The 2008 Financial Crisis: Crash Course Economics #12
Quiz
•
Social Studies
•
9th - 12th Grade
•
Hard
Cynthia Elm
Used 77+ times
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10 questions
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1.
FILL IN THE BLANK QUESTION
15 mins • 1 pt
A ______ is when a debtor is unable to meet the legal obligation of debt repayment.
2.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
In the 2000's investor started investing in _________ because the rate of return was higher than that of government bonds.
stocks
mortgages
certificates of deposit (CDs)
futures
3.
FILL IN THE BLANK QUESTION
15 mins • 1 pt
_______________ is the process of taking an illiquid asset and transforming it into a security.
4.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
What are sub-prime mortgages?
loans made below the prime home price
loans made on below standard houses
mortgages made below the average interest rate
mortgages made to people with low incomes and poor credit
5.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Predatory lending practices actually made the mortgage backed investment riskier.
true
false
6.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
What was the housing bubble?
A rapid increase in housing prices driven by irrational decisions.
A steady increase in housing prices driven by predatory lending.
A rapid decrease in housing prices driven by low interest rates.
A rapid rise in interest rates driven by demand.
7.
MULTIPLE SELECT QUESTION
15 mins • 1 pt
What happened when the home owners couldn't afford their payments anymore and defaulted on their loans? Check all that apply.
more houses went on the market, which drove prices down
big financial institutions stopped buying sub prime mortgages
the housing demand went up, driving up housing prices
investors started losing money on their mortgage investments
big lenders started declaring bankruptcy
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