Question
1. Does McNally think it is correct, or incorrect, to call the crash of 2008 a credit crisis? 2. In 1973, 16% of U.S. total
1. Does McNally think it is correct, or incorrect, to call the crash of 2008 a "credit crisis?"
2. In 1973, 16% of U.S. total profits came from the realm of finance.By 2007, what percentage of U.S. profits came from finance?
3. By the end of the nineteenth century, and until the 1930s, all paper currencies could be converted directly into what commodity?
4. During what years was the Bretton Woods system the stable basis for the international money system?
5. What decision by the Richard Nixon administration prompted IMF staffers to circulate a note saying "RIP. We regretfully annouce the unexpected passing away after a long illness of Bretton Woods..."?
6. What was the average daily turnover in foreign exchange markets in 2007?
7. Derivatives, a form of financial commodity that exploded in the late 1990s, had actually existed for decades in one particular industry - what was that industry?
8. Housing prices in the U.S. were stable for a hundred years, and then, in 1995 they started to dramatically _____________.
9. Most financial analysts failed to see the crisis coming because they were committed to flawed theories like the ______ _______ Hypothesis.
10. By the end of 2008, how much money had been wiped out of existence?
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