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Credit Crunch Quiz

Oh no, I can't get a mortgage. 10 Questions.

 
Created by:
jojo
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1

When did the late 2000s credit crisis really begin?

  • July 2007
  • November 2007
  • May 2008

2

In which country did the credit crunch start?

  • America
  • England
  • Japan

3

In America, Fannie Mae & Freddie Mac were subject to a federal takeover. But what were Fannie Mae & Freddie Mac?

  • leaders in the motor industry
  • American investment banks
  • mortgage lenders

4

Which of the following banks was one of the first high-profile victims of the credit crunch?

  • Northern Rock
  • JP Morgan
  • Merrill Lynch

5

What is "quantitative easing"?

  • government-funded cheap loans from banks
  • the government printing money
  • negative inflation

6

In 2008, which European country saw all three of its major banks nationalised, its stock market plunge 90%, and threatened national bankruptcy?

  • The UK
  • Iceland
  • Germany

7

In September 2008, HBOS merged with which other British bank?

  • Lloyds TSB
  • Barclays
  • Nationwide

8

December 2008 saw which high street stalwart finally go under?

  • Index
  • Argos
  • Woolworths

9

Christmas Eve 2008 saw which two British chains go out of business?

  • Marks & Spencers & Tower Records
  • Adams & Woolworths
  • Zaavi & Whittards

10

Very simply, what is deflation?

  • low interest rates
  • an decrease in the real value of money
  • greater amounts of money around

 

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