QUESTION 7 07. Factors that contributed to the financial crisis in 2008 include (a) The lowering of mortgage underwriting standards (b) The securitization of substandard mortgages (c) The mark-to-market accounting rule (d) All of the above (e) None of the above ООО QUESTION 8 08. The Dodd-Frank Act (a) Increased transparency in financial institutions and markets. (b) Decimated the community banks, increasing concentration in the banking industry, which makes the financial system for secure (c) Set up the Consumer Financial Protection Bureau, making it more difficult for the poor to get credit (d) Increased capital and liquidity requirements for financial institutions (e) All the above QUESTION 9 09. Factors that contributed to the European sovereign debt crisis were a) Growing disparity in labor productivity among the Euro-zone countries, b) Unavailability of national currency devaluation or country-specific monetary policy, leaving only focal policy as a means to pop up the National com employment c) The inability of the European Central Bank to intervene in support of specific country economies d) The failure of limits on national government budget deficits and debts. e) All the above. 00 OOO All to swallowers
QUESTION 10 10. The $1.9 trillion American Rescue Plan Act signed into law by President Biden on March 11 2021 (a) Was responsible for the economic recovery from the COVID-19 pandemic related economic slump. (b) Was essential in fighting the spread of the COVID-19 disease. (c) Was passed with bi-partisan support (d) Helped to address the labor shortage in the economy (e) Was a major cause of inflation.
QUESTION 7 07. Factors that contributed to the financial crisis in 2008 include (a) The lowering of mortgage underwritin
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QUESTION 7 07. Factors that contributed to the financial crisis in 2008 include (a) The lowering of mortgage underwritin
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