1. Which of the following U.S. government stabilization programs was run exlusively by the Federal Reserve?

I. Public-Private Investment Partnership (P-PIP) II. Term Asset-Backed Securities Loan Facility (TALF) III. Term Auction Facility (TAF)

Select one:

A. I only

B. I and II only

C. I and III only

D. II and III only

2. Which of the following can be considered as causes of the current U.S. financial crisis?

I. The enormous growth in non-conforming home mortgage loans II. The use of complex credit derivatives backed by home mortgages III. Inadequate regulation and oversight, particularly of the "shadow banking" system

Select one:

a. I and II only

b. I and III only

c. II and III only

d. I, II, and III

3. Which of the following statements is true concerning financial regulation in the U.S.?

I. The U.S. has a reasonably well-regulated commercial banking sector II. Few innovative financial products are developed apart from existing regulatory oversight III. Many credit derivatives have been trading apart from adequate regulation and oversight

Select one:

A. I and II only

B. I and III only

C. II and III only

D. I, II, and III

4. Which of the following sources of credit were "frozen" (inadequately available to borrowers) during the worst part of the recent U.S. financial crisis?

I. Commercial paper and corporate bonds II. Commercial bank loans III. Mortgage and consumer loans

Select one:

A. I and II only

B. I and III only

C. II and III only

D. I, II, and III