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Causes 1
Causes 2
Causes 3
Impact/Responses
Responses/Other
100

Ano ang GFC?

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100
This allowed wealthy investors to avoid many financial regulations
What are hedge funds
100
This is high-risk credit given to individuals who fail to meet rigorous standards
What is a subprime loan
100
(Double Jeopardy!... kind of) This was group of countries that enhanced their power face-to-face with the United States, Western Europe, and Japan during the global financial crisis
What are the BRIC countries
100
This was the major catalyst in the growth of globalization and national power
What is finance
200
This prohibited commercial banks from underwriting or marketing securities
What was the Glass-Steagall Act of 1933
200
These are bets on the creditworthiness of a particular company, like insurance on a loan
What are derivatives
200
He was the Chairman of the U .S. Federal Reserve who kept interest rates low
Who is Alan Greenspan
200
He was the governor of the Reserve Bank of India and is credited with helping India avoid the financial crisis
Who is Yaga Venugobal Reddy
200
This started in Indonesia, caused stock markets to crash, and reversed economic growth
What was the Asian Financial Crisis
300
This is sophisticated financial engineering, an outgrowth of revolutions in computer and telecommunications technologies
What are financial innovations
300
This is a financial innovation used to transfer credit risks away from banks
What is credit default swaps
300
This was created by countries to save and recycle surplus revenues
What are sovereign wealth funds
300
He was the U.S. Secretary of the Treasury who initiated the stimulus package to rescue banks on Wall Street
Who is Henry Paulson
300
These are the health insurance, pensions, and other programs that European governments provide citizens and that lessen losses in economic hard times
What are safety nets
400
This includes opening banks around the world to competition
What is global financial liberalization
400
These were linked to mortgage companies, which passed on the risk. Mortgages, instead of being held by banks and mortgage companies, were sold to investors shortly after the loans closed, and investors packaged them as securities.
What are collateralized debt obligations
400
This is a long-term loan that does not have a fixed interest rate
What is an adjustable-rate mortgage
400
This is money allocated by governments to financial institutions and selected industries to prevent their collapse and reinvigorate economic growth
What is a stimulus package
400
He is the current Chairman of the U .S. Federal Reserve
Who is Ben S. Bernanke
500
This is a sophisticated process of financial engineering that allows global investment to be spread out and separated into multiple income streams to reduce risk
What is securitization
500
This involves simultaneously buying at a lower price in one market and selling at a higher price in another market to make a profit on the spread between the two prices
What is arbitrage
500
This involves excessive risk taking, excessive optimism, and the development of a herd mentality
What is speculation
500
This is a type of monetary stimulus used by the U .S. Federal Reserve. Long-term Treasury bonds are purchased to decrease interest rates.
What is quantitative easing
500
Based in Basel, Switzerland, this was created to regulate banking and harmonize banking standards
What was the Bank for International Settlements