1. In general, a financial crises has all of the following characteristics except _______________.
Asset Price Declines
Corporate Fraud
Financial Institution Failure
Liquidity Freeze
2. The bailout of banks were generally in the form of ________________.
Direct Investment in companies by the Fed and/or Treasury
Fiscal Expansion by the government
Lowering the reserve requirements on banks
Tax cuts on corporate income
3. The housing crises resulted in _____________.
The bailouts cost taxpayers billions of dollars
Many bankers were prosecuted for fraud
Bank regulations that split up the largest banks
None of these things happened
4. Why did Brad Pitt get mad at his partners as they were leaving Las Vegas?
They had lost a bunch of money on a bad deal
They had missed an important client meeting
They were celebrating a potential economic disaster
They had insulted his family