the economics of money, banking, and financial markets

260 $

© 2014 Pearson Canada Inc.$

63. 
    

    The Irish government helped mitigate the financial crisis by ____.
    A) guaranteeing all deposits
    B) privatizing the banking system
    C) increasing short term borrowing
    D) refusing to inject more capital into the failing system
    Answer: A
    Diff: 1 Type: MC Page Ref: 193
    Skill: Recall
    Objective List: 9.3 Discuss the most recent financial crisis

    
    


64. 
    

    U.S. firms affected by the financial crisis included ____.
    A) Bear Stearns and Merrill Lynch
    B) AIG and JP Morgan
    C) Manulife and RBC
    D) Capital One and BNP Paribas
    Answer: A
    Diff: 1 Type: MC Page Ref: 194
    Skill: Recall
    Objective List: 9.3 Discuss the most recent financial crisis

    
    


65. 
    

    Which investment bank filed for bankruptcy on September 15, 2008 making it the largest
    bankruptcy filing in U.S. history?
    A) Lehman Brothers
    B) Merrill Lynch
    C) Bear Stearns
    D) Goldman Sachs
    Answer: A
    Diff: 1 Type: MC Page Ref: 194
    Skill: Applied
    Objective List: 9.3 Discuss the most recent financial crisis

    
    


66. 
    

    During the 2007-2009 financial crisis in the U.S. the credit spreads peaked at ____ in
    December 2008.
    A) nearly 6 percent
    B) nearly 5 percent
    C) nearly 4 percent
    D) 3 percent
    Answer: A
    Diff: 1 Type: MC Page Ref: 195
    Skill: Recall
    Objective List: 9.3 Discuss the most recent financial crisis