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Pricing Schools Business

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2008 Financial Crisis

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Questions and Answers

What was the situation with low-income homebuyers in the financial crisis?

They were sold mortgages they could afford with low interest rates

They were given good investment advice

They were given government subsidies to buy homes

They were sold and mis-sold mortgages they couldn't afford (correct)

What was the result of the housing bubble bursting?

The stock market rose

The housing prices continued to rise

The economy experienced a boom

Trillions of dollars were lost (correct)

Why did the government bail out the insurance companies?

To prevent financial Armageddon (correct)

To make a profit

To help the low-income homebuyers

To punish the investment banks

What was the approximate value written off in the stock markets?

19 trillion dollars (B) Signup and view all the answers

Which two investment banks were mentioned as the real instigators of the crisis?

Goldman Sachs and Deutsche Bank (A) Signup and view all the answers

Approximately how much money was pumped into the economy to bail it out?

Over 6 trillion dollars (B) Signup and view all the answers

What determines the value of a share price?

What someone is willing to pay for it (D) Signup and view all the answers

What is the driving force behind the value of luxury items like Ferrari or Lamborghini?

Their esteem value (A) Signup and view all the answers

What is the primary goal of marketing, according to the speaker?

To create a perceived value of a product (A) Signup and view all the answers

What is the basis of share price expectations, according to the speaker?

Future earnings and performance (B) Signup and view all the answers

What is the result of mismanaging investor expectations, according to the speaker?

Decreased share value (A) Signup and view all the answers

What is the speaker's opinion on the effectiveness of regulation in preventing financial crises?

Regulation is not effective in preventing financial crises (C) Signup and view all the answers