the economics of money, banking, and financial markets

259 $

© 2014 Pearson Canada Inc.$

59. 
    

    Although the subprime mortgage market problem began in the United States, the first
    indication of the seriousness of the crisis began in ____.
    A) Europe
    B) Australia
    C) China
    D) South America
    Answer: A
    Diff: 1 Type: MC Page Ref: 193
    Skill: Recall
    Objective List: 9.3 Discuss the most recent financial crisis

    
    


60. 
    

    Between 1995 and 2007, Ireland had an average annual GDP growth rate of ____.
    A) 10.1 percent
    B) 6.3 percent
    C) 8.3 percent
    D) 5.7 percent
    Answer: B
    Diff: 1 Type: MC Page Ref: 193
    Skill: Recall
    Objective List: 9.3 Discuss the most recent financial crisis

    
    


61. 
    

    Fitch and Standard & Poor announced downgrades on ____ of mortgage-backed
    securities and CDOs.
    A) more than $10 billion
    B) more than $100 billion
    C) $50 billion
    D) more than $10 million
    Answer: A
    Diff: 1 Type: MC Page Ref: 193
    Skill: Recall
    Objective List: 9.3 Discuss the most recent financial crisis

    
    


62. 
    

    During Ireland's financial crisis, housing prices ____.
    A) fell by nearly 20 percent
    B) remained constant despite housing price declines across the globe
    C) fell by just less than 50 percent
    D) rose slightly and helped mitigate the country's recession
    Answer: A
    Diff: 1 Type: MC Page Ref: 193
    Skill: Recall
    Objective List: 9.3 Discuss the most recent financial crisis