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1. How many loans on risky assets, with minimum collateral, did Freddie Mac and Fannie Mae write in the boom leading-up to the 2007-2009 liquidity
1.How many loans on risky assets, with minimum collateral, did Freddie Mac and Fannie Mae write in the boom leading-up to the 2007-2009 liquidity crisis?
a.)$3,500bn
b.)$4,500bn
c.)$5,500bn
d.)$6,500bn
2.The characteristic feature of a financial crisis, otherwise known as a liquidity crisis, is:
a.)the destruction, or near destruction, of the finance sector.
b.)demand-side secular stagnation.
c.)supply-side secular stagnation.
d.)euphoria, mania and fear.
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