When Subprime mortgage crisis occurred in The United States?

1. 
   When Subprime mortgage crisis occurred in The United States?
   

1. 
   2003-2004
   
2. 
   2006-2009
   
3. 
   2007-2010 *
   
4. 
   2007-2008
   

2. 
   When the global financial crisis happened?
   

1. 
   2003-2004
   
2. 
   2006-2009
   
3. 
   2007-2010
   
4. 
   2007-2008 *
   

3. 
   What is the main factor of global financial crisis in 2008?
   

1. 
   A large decline in US home prices after the collapse of a housing bubble *
   
2. 
   Undervalued home prices in The US
   
3. 
   Political changes
   
4. 
   Lower interest rate CDOs
   

4. 
   Find the correct definition of MBS (mortgage-backed-securities)
   

1. 
   a general term used to describe the ownership certificates of any company
   
2. 
   bonds that are based on loans to people to buy property *
   
3. 
   a security with a price that is dependent upon or derived from one or more underlying assets
   
4. 
   issued by governments and corporations when they want to raise money
   

5. 
   What is the impact of 2008 financial crisis on the US?
   

1. 
   Americans lost 25% of their net worth *
   
2. 
   Booming in stock market
   
3. 
   Civil unrest across the US
   
4. 
   None of them above
   

6. 
   9 million job lost and that’s roughly about 6% of workforce…
   

1. 
   Great Depression
   
2. 
   1857 crisis
   
3. 
   Recession in 1983
   
4. 
   2008 GFC *
   

7. 
   What was the core reason for the GFC?
   

1. 
   Improving housing market
   
2. 
   Social equality
   
3. 
   Dot-com bubble and making money available at bargain rates *
   
4. 
   The adoption of The Internet
   

8. 
   The Dominoes Start to Fall: The beginning of GFC…
   

1. 
   2007 *
   
2. 
   2008
   
3. 
   2006
   
4. 
   2005
   

9. 
   Similarity between bonds and MBS…
   

1. 
   both financial securities with respective risks and rewards
   
2. 
   Investors do not own a stake but units of a scheme
   
3. 
   created out of the interest and principal from residential mortgages *
   
4. 
   Both are long-term
   

10. 
    Who are played a key role in the GFC?
    

1. 
   Banks
   
2. 
   Insurance companies
   
3. 
   Stock market
   
4. 
   Hedge funds *