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Global Financial Crisis Quiz

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1. What was a significant cause of the Global Financial Crisis in 2008?

2. Which financial institution's collapse is often cited as the immediate catalyst for the Global Financial Crisis?

3. What major policy response did the US government initiate in response to the Global Financial Crisis?

4. In what year did the subprime mortgage crisis, a precursor to the Global Financial Crisis, begin?

5. Which economic policy is characterized by increasing government spending and/or cutting taxes during a financial crisis?

6. What was one major impact of the Global Financial Crisis on global employment?

7. Which country's government implemented a significant fiscal stimulus package as part of its response to the Global Financial Crisis?

8. What financial instrument gained notoriety for its role in the Global Financial Crisis?

9. What was a major consequence of the Global Financial Crisis on the banking sector?

10. Which of the following best describes the effect of the Global Financial Crisis on household wealth?