【单选题】
Simpson
The global financial cr of 2008—2009 began in July 2007 when a loss of confide- nce by investors in the value of securitized mortgages in the United States resulted in a liquidity cr that prompted a substantial injection of capital into financial markets by the United States Federal Reserve, Bank of England and the European Central Bank. The TED spread, an indicator of perceived credit risk in the general economy, spiked up in July 2007, remained volatil (反复无常的) for a year, then spiked even higher in September 2008, reaching a record 4.65% on October 10, 2008.
Amy
In September 2008, the cr deepened, as stock markets worldwide crashed and en- tered a period of high volatility, and a considerable number of banks, mortgage lenders and insurance companies failed in the following weeks. For many months before September 2008, many business journals published commentaries warning about the financial stability and risk management practices of leading US and European investment banks, insurance firms and mortgage banks consequent to the subprime mortgage cr (次贷抵押危机).
Oliver
The ultimate point of origin of the great financial cr of 2007—2009 can be traced back to an extremely indebted US economy. The collapse of the real estate market in 2006 was the close point of origin of the cr. Beginning with failures caused by misapplication of risk controls for bad debts, collateralization (附带,并行) of debt insurance and fraud, large financial institutions in the United States and Europe faced a credit cr and a slowdown in economic activity.
Wright
The cr rapidly developed and spread into a global economic shock, resulting in a number of European bank failures, declines in various stock indexes, and large reductions in the market value of equities and commodities. Moreover, the de-leveraging of financial institutions further accelerated the liquidity cr and caused a decrease in international trade. World political leaders, national ministers of finance and central bank directors coordinated their efforts to reduce fears, but the cr continued.
Judith
By March 9, 2009, the Dow had fallen to 40, a percentage decline exceeding the pace of the market’s fall during the Great Depression and a level which the index had last seen in 1996. On March 10, 2009, a countertrend Bear Market Rally began, taking the Dow up to 7900 by March 26, 2009. Financial stocks were up more than 60% during this rally. By April 14, financial stocks had rallied more than 90% in just over a month.
Now match each of the persons to the appropriate statement.
Note: there are two extra statements.
Statements
- A. After financial stocks hit the lowest on March 9, 2009, a countertrend Bear Market rally began.
- B. In September 2008, the cr deepened, mortgage lenders and insurance companies failed in the following weeks.
- C. The cr rapidly developed and spread into a global economic shock, because of the failures of a number of European banks.
- D. The cr rapidly developed and spread into a global economic shock, leading to a number of European bank failures.
- E. The beginning of the global financial cr is a loss of confidence by investors in the value of securitized mortgages in the US in July 2007.
- F. Many business journals published commentaries warning about the financial stability because they were able to predict the future economy.
- G. The ultimate point of origin of the great financial cr of 2007—2009 can be traced back to an extremely indebted US economy.
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