What was the immediate cause of the 2008 financial crisis?

"Speculative behavior in financial markets, particularly in real estate" "The provision of cheap credit" "A combination of speculative behavior in financial markets and the provision of cheap credit" "The collapse of Lehman Brothers"

What type of mortgage market in the United States played a significant role in the crisis?

"Prime mortgage market" "Subprime mortgage market" "Fixed-rate mortgage market" "Adjustable-rate mortgage market"

What event marked a turning point in the crisis, highlighting the risk to the entire financial system?

"The collapse of Lehman Brothers" "The bailout of Bear Stearns" "The dissolution of three funds by BNP Paribas" "The passage of the bank rescue measure by Congress"

What was the most significant bankruptcy filing in United States history at the time of the 2008 crisis?

"Bear Stearns" "Fannie Mae" "Freddie Mac" "Lehman Brothers"

What was the primary reason for the significant drop in the Dow Jones on September 29, 2008?

"The collapse of Lehman Brothers" "The bailout of AIG" "The Senate's rejection of the bank rescue measure" "The announcement of massive job losses"

What was the approximate peak unemployment rate in the United States following the 2008 crisis?

"4.4%" "7.2%" "10%" "15%"

What program did the US government initiate to bail out major financial institutions?

"TARP" "FDIC" "SEC" "FRB"

What was the approximate amount of the TARP bailout plan?

"US $70 billion" "US $700 billion" "US $7 trillion" "US $70 trillion"