Question 1

The "perfect financial storm" that developed in 2008,which put the U.S.economy was on the verge of collapse was characterized by all of the following EXCEPT:

Accepted Answer

The answer of The "perfect financial storm" that developed in...

Question 2

Under the leadership of ______________,during the 2007-2009 financial crisis,the Treasury was actively involved in trying to help financial institutions on the brink of collapse find help through mergers with financially stronger institutions.

Accepted Answer

The answer of Under the leadership of ______________,during the 2007-2009...

Question 3

During the 2007 - 2009 financial crisis,many major financial institutions and business corporations were on the verge of collapse or failure;however,some of the very largest corporations and financial institutions were deemed as being ________ because their failure would cause cascading negative repercussions throughout the U.S.and many foreign economies.

Accepted Answer

The term "too big to fail" refers to the idea that some corporations or financial institutions are so large and interconnected with other parts of the economy that their failure would have catastrophic consequences. This was the situation that many of the largest institutions found themselves in during the 2007-2009 financial crisis. Therefore, option D is the most appropriate choice that fits the description given in the question.

Question 4

During the 2007 - 2009 financial crisis,___________ and __________,who were major participants in the secondary mortgage markets,were on the verge of financial insolvency and possible collapse in mid-2008.

Accepted Answer

The answer of During the 2007 - 2009 financial crisis,___________...

Question 5

During the 2007 - 2009 financial crisis,some of the very largest financial institutions were deemed as being "too big to fail" because their failure would cause cascading negative repercussions throughout the U.S.and many foreign economies.As a result,the Federal Reserve

Accepted Answer

During the financial crisis, the Federal Reserve took both actions mentioned in options A and B. It worked to increase liquidity in the monetary system by reducing the target federal funds rate to below .25 percent, and also worked with the U.S. Treasury to facilitate the merging of financially weak institutions with those that were stronger. This was done in order to prevent the failure of large financial institutions from causing broader economic damage.

Question 6

In fall 2008,the U.S.Congress and President George W.Bush responded to the financial crisis with the passage of the _____________ in early October of that year.

Accepted Answer

The correct answer is the Economic Stabilization Act, also known as the Troubled Asset Relief Program (TARP), which aimed to restore stability and confidence in the financial system by providing funds to struggling banks and other financial institutions. The Economic Stimulus Act and Economic Recovery Act were passed in later years, in response to ongoing economic challenges. The Economic Booster Act is not a real legislative term.

Question 7

During the 2007 - 2009 financial crisis,some of the very largest financial institutions were deemed as being "too big to fail" because their failure would cause cascading negative repercussions throughout the U.S.and many foreign economies.As a result,the Federal Reserve

Accepted Answer

The answer of During the 2007 - 2009 financial crisis,some...

Question 8

Primary groups of policy makers that are actively involved in achieving a nation's economic policy objectives include all of the following EXCEPT:

Accepted Answer

The answer of Primary groups of policy makers that are...

Question 9

The "perfect financial storm" that developed in 2008,which put the U.S.economy was on the verge of collapse was characterized by all of the following EXCEPT:

Accepted Answer

The statement does not mention that business firms and financial institutions had borrowed heavily during the years of tight money and high interest rates, which is the characteristic of the perfect financial storm.

Question 10

A primary focus of the Economic Stabilization Act of 2008,which became know as the ___________________________,was to allow the U.S.Treasury purchase up to $700 billion of troubled or toxic assets held by financial institutions.

Accepted Answer

The correct name for the program established by the Economic Stabilization Act of 2008 is the Troubled Asset Relief Program (TARP), which allowed the U.S. Treasury to purchase up to $700 billion of troubled or toxic assets held by financial institutions.

Question 11

Under the leadership of ______________,during the 2007-2009 financial crisis,the Treasury was actively involved in trying to help financial institutions on the brink of collapse find help through mergers with financially stronger institutions.

Accepted Answer

Henry Paulson served as the Secretary of the Treasury from 2006-2009 and was a key player in the government's response to the financial crisis of 2007-2009. He advocated for the use of Troubled Asset Relief Program (TARP) funds to help stabilize financial institutions and encouraged mergers between struggling banks and stronger ones to prevent systemic collapse of the financial system.

Question 12

Who made the following famous statement: "The government's view of the economy could be summed up in a few short phrases: If it moves,tax it.If it keeps moving,regulate it.And if it stops moving,subsidize it."

Accepted Answer

The answer of Who made the following famous statement: "The...

Question 13

During the 2007 - 2009 financial crisis,___________ and __________,who were major participants in the secondary mortgage markets,were on the verge of financial insolvency and possible collapse in mid-2008.

Accepted Answer

Fannie Mae and Freddie Mac were major participants in the secondary mortgage market and were both put under conservatorship by the government in September 2008 due to the significant losses they incurred from the housing market collapse. The other choices (B, C, D, E) were not major participants in the secondary mortgage market and did not face the same level of insolvency or collapse during the financial crisis.

Question 14

Who made the following famous statement: "The government's view of the economy could be summed up in a few short phrases: If it moves,tax it.If it keeps moving,regulate it.And if it stops moving,subsidize it."

Accepted Answer

The answer of Who made the following famous statement: "The...

Question 15

The "perfect financial storm" that developed in 2008,which put the U.S.economy was on the verge of collapse was characterized by all of the following EXCEPT:

Accepted Answer

Stock market prices began a rally in 2007 and began a sharp incline, which is the opposite of a contributing factor to the perfect financial storm. The other choices contributed to the crisis.

Question 16

In fall 2008,the U.S.Congress and President George W.Bush responded to the financial crisis with the passage of the _____________ in early October of that year.

Accepted Answer

The answer of In fall 2008,the U.S.Congress and President George...

Question 17

During the 2007 - 2009 financial crisis,many major financial institutions and business corporations were on the verge of collapse or failure;however,some of the very largest corporations and financial institutions were deemed as being ________ because their failure would cause cascading negative repercussions throughout the U.S.and many foreign economies.

Accepted Answer

The term "too large to fail" was commonly used during the 2007-2009 financial crisis to describe major financial institutions and corporations that were deemed as being too big or interconnected to be allowed to fail, as their collapse could lead to disastrous consequences for the overall economy. Therefore, option C, "too large to ignore," is the best choice. Option A, "toxic firms," and option B, "boat rockers," do not accurately describe the situation during the financial crisis. Option D, "too big to float," is not a commonly used term to describe the situation during the financial crisis.

Question 18

Continuing federal programs that stabilize economic activity are called

Accepted Answer

The answer of Continuing federal programs that stabilize economic activity...

Question 19

A primary focus of the Economic Stabilization Act of 2008,which became know as the ___________________________,was to allow the U.S.Treasury purchase up to $700 billion of troubled or toxic assets held by financial institutions.

Accepted Answer

The answer of A primary focus of the Economic Stabilization...

Question 20

The "perfect financial storm" that developed in 2008,which put the U.S.economy was on the verge of collapse was characterized by all of the following EXCEPT:

Accepted Answer

All of the options listed were factors that contributed to the perfect financial storm of 2008. The bursting of the housing price bubble, the decline in stock market prices, the difficulty in valuing mortgage-related debt securities, and the increasing number of loan and mortgage defaults all played a role in the economic collapse.

Quiz 5: Policy Makers and the Money Supply

The "perfect financial storm" that developed in 2008,which put the U.S.economy was on the verge of collapse was characterized by all of the following EXCEPT:

Under the leadership of ______________,during the 2007-2009 financial crisis,the Treasury was actively involved in trying to help financial institutions on the brink of collapse find help through mergers with financially stronger institutions.

During the 2007 - 2009 financial crisis,_ and ,who were major participants in the secondary mortgage markets,were on the verge of financial insolvency and possible collapse in mid-2008.

During the 2007 - 2009 financial crisis,some of the very largest financial institutions were deemed as being "too big to fail" because their failure would cause cascading negative repercussions throughout the U.S.and many foreign economies.As a result,the Federal Reserve

In fall 2008,the U.S.Congress and President George W.Bush responded to the financial crisis with the passage of the _____________ in early October of that year.

During the 2007 - 2009 financial crisis,some of the very largest financial institutions were deemed as being "too big to fail" because their failure would cause cascading negative repercussions throughout the U.S.and many foreign economies.As a result,the Federal Reserve

Primary groups of policy makers that are actively involved in achieving a nation's economic policy objectives include all of the following EXCEPT:

The "perfect financial storm" that developed in 2008,which put the U.S.economy was on the verge of collapse was characterized by all of the following EXCEPT:

A primary focus of the Economic Stabilization Act of 2008,which became know as the ___________________________,was to allow the U.S.Treasury purchase up to $700 billion of troubled or toxic assets held by financial institutions.

Under the leadership of ______________,during the 2007-2009 financial crisis,the Treasury was actively involved in trying to help financial institutions on the brink of collapse find help through mergers with financially stronger institutions.

Who made the following famous statement: "The government's view of the economy could be summed up in a few short phrases: If it moves,tax it.If it keeps moving,regulate it.And if it stops moving,subsidize it."

During the 2007 - 2009 financial crisis,_ and ,who were major participants in the secondary mortgage markets,were on the verge of financial insolvency and possible collapse in mid-2008.

Who made the following famous statement: "The government's view of the economy could be summed up in a few short phrases: If it moves,tax it.If it keeps moving,regulate it.And if it stops moving,subsidize it."

The "perfect financial storm" that developed in 2008,which put the U.S.economy was on the verge of collapse was characterized by all of the following EXCEPT:

In fall 2008,the U.S.Congress and President George W.Bush responded to the financial crisis with the passage of the _____________ in early October of that year.

Continuing federal programs that stabilize economic activity are called

A primary focus of the Economic Stabilization Act of 2008,which became know as the ___________________________,was to allow the U.S.Treasury purchase up to $700 billion of troubled or toxic assets held by financial institutions.

The "perfect financial storm" that developed in 2008,which put the U.S.economy was on the verge of collapse was characterized by all of the following EXCEPT: