
FIN657
Authored by NUR NORMANSHAH
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the primary trigger for the Greek Debt Crisis, and when did it begin?
A sudden collapse of the banking sector in 2005.
Greece's announcement in 2009 of significantly higher national debt and budget deficit figures than previously reported.
A major natural disaster that devastated the country's infrastructure in 2011.
The global financial crisis of 2008 directly leading to a default in 2008.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How did Greece's entry into the Eurozone contribute to its debt problems?
It forced Greece to devalue its currency, making imports more expensive.
It led to higher interest rates on loans, increasing the cost of borrowing.
It made it easier and more affordable for Greece to take loans from investors who trusted the Eurozone, leading to increased borrowing.
It imposed strict fiscal discipline, which Greece struggled to meet.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following was NOT a key internal cause of the Greek Debt Crisis, as discussed in the text?
Excessive government spending on public worker salaries and pensions.
Widespread tax evasion.
A highly productive and competitive economy.
A weak economic structure with an inefficient government sector.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the "Troika" in the context of the Greek Debt Crisis?
A group of three private banks that lent money to Greece.
The European Union (EU), European Central Bank (ECB), and International Monetary Fund (IMF).
The three largest political parties in Greece.
A committee formed to investigate tax evasion.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was a severe economic impact of the Greek Debt Crisis on the country's population?
A boom in manufacturing and exports due to increased foreign investment.
A deep recession, high unemployment, and public anger due to austerity measures.
Increased public services and higher wages for public workers.
Stable economic growth and a balanced budget.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the central political controversy surrounding the 1MDB scandal in Malaysia?
Disagreement over the national budget allocation for education.
Allegations of electoral fraud during a general election.
The misappropriation of billions of dollars from a sovereign wealth fund, allegedly involving the former Prime Minister.
A dispute over trade policies with neighboring countries.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How did the 1MDB scandal affect Malaysia's public debt and international credibility?
It led to a decrease in public debt due to successful investments.
It significantly increased contingent liabilities and damaged investor confidence and international credibility.
It had no significant impact on public debt or international standing.
It attracted more foreign direct investment due to increased transparency.
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