Exam
COMPREHESIVE CASE WEEK #7
(CLASS 6512) 18 YEAR OLD PATIENT
REASON FOR ENCOUNTER: PASSED
OUT I HUMAN
The cause of the banking crisis of 2008 were the results of the actions of - ANSWER ✓
✓✓numerous parties
Investment companies, such as Goldman Sachs and GE Capital, offer many services
similar to commercial banks, but yet they do not receive deposits from members. These
are called - ANSWER ✓✓✓nonbanks
The securities that were created by financial institutions that consisted of all different
kinds of mortgages bundled together to diversify risk are known as - ANSWER ✓✓✓
mortgage-backed securities
In order to prevent a total collapse of banks around the U.S. and the world, the federal
government passed - ANSWER ✓✓✓TARP
If a borrower receives a loan with a variable interest rate, then the interest rate on the
loan - ANSWER ✓✓✓may go up or down
COMPREHESIVE CASE WEEK #7
(CLASS 6512) 18 YEAR OLD PATIENT
REASON FOR ENCOUNTER: PASSED
OUT I HUMAN
The cause of the banking crisis of 2008 were the results of the actions of - ANSWER ✓
✓✓numerous parties
Investment companies, such as Goldman Sachs and GE Capital, offer many services
similar to commercial banks, but yet they do not receive deposits from members. These
are called - ANSWER ✓✓✓nonbanks
The securities that were created by financial institutions that consisted of all different
kinds of mortgages bundled together to diversify risk are known as - ANSWER ✓✓✓
mortgage-backed securities
In order to prevent a total collapse of banks around the U.S. and the world, the federal
government passed - ANSWER ✓✓✓TARP
If a borrower receives a loan with a variable interest rate, then the interest rate on the
loan - ANSWER ✓✓✓may go up or down
