What was the immediate cause of the 2008 financial crisis? Option: "Speculative behavior in financial markets, particularly in real estate", "The collapse of Lehman Brothers", "The provision of cheap credit", "A combination of speculative behavior in financial markets and the provision of cheap credit"

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What was the immediate cause of the 2008 financial crisis?

"Speculative behavior in financial markets, particularly in real estate"

"The collapse of Lehman Brothers"

"The provision of cheap credit"

"A combination of speculative behavior in financial markets and the provision of cheap credit"

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

"Fixed-rate mortgage market"

"Adjustable-rate mortgage market"

"Subprime mortgage market"

"Prime mortgage market"

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

"The collapse of Lehman Brothers"

"The dissolution of three funds by BNP Paribas"

"The passage of the bank rescue measure by Congress"

"The bailout of Bear Stearns"

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What economic event prompted the US Federal Government to initiate large-scale buying of government bonds and undertake quantitative easing measures around 2008?

"The Great Depression"

"The Dotcom Bubble"

"The COVID-19 Pandemic"

"The Global Financial Crisis"

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

"Bear Stearns"

"Lehman Brothers"

"Freddie Mac"

"Fannie Mae"

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

"SEC"

"FRB"

"TARP"

"FDIC"