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Download Weekly Review Quiz as of 2008-08-14
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Weekly Review Quiz as of 2008-09-11 Finance U.S. Near Deal on Fannie, Freddie by Deborah Solomon and Damian Paletta 09/06/2008 http://online.wsj.com/article/SB122064650145404781.html 1. What happened to the stock prices of Fannie Mae and Freddie Mac in after-hours trading on Friday? a) unchanged b) dropped 85% and 80% respectively * c) dropped 25% and 20% respectively d) rose 40% and 45% respectively e) rose 10% and 15% respectively 2. To what were the stock prices of Fannie Mae and Freddie Mac reacting? a) the number of homeowners defaulting in August was the highest in 32 years * b) the Treasury was close to finalizing a move to shore up the companies c) both firms reported record losses for the most recent quarter d) both firms reported increased profits for the most recent quarter e) Fannie and Freddie announced that they had raised $50 billion of new equity capital from Dubai International Capital U.S. Seizes Mortgage Giants by James R. Hagerty, Ruth Simon and Damian Paletta 09/08/2008 http://online.wsj.com/article/SB122079276849707821.html 3. Treasury Secretary Henry Paulson announced plans Sunday to a) take control of troubled mortgage giants Fannie Mae and Freddie Mac b) give management control of Fannie Mae and Freddie Mac to their regulator, the Federal Housing Finance Agency c) replace the chief executives of Fannie Mae and Freddie Mac d) provide up to $200 billion in capital to restore the financial health of Fannie Mae and Freddie Mac * e) all of the above 4. As a part of its intervention, the Treasury a) said it would buy on the open market at least $5 billion of new mortgage-backed securities issued by Fannie and Freddie b) agreed to provide as much equity capital as needed later to cover losses stemming from mortgage defaults c) received warrants giving it the right to a stake of 79.9% of the firm for a nominal sum d) gets $1 billion of preferred stock in Fannie Mae and in Freddie Mac without providing any immediate cash * e) all of the above London Exchange Paralyzed by Glitch by Neil Shah and Carrick Mollenkamp 09/09/2008 http://online.wsj.com/article/SB122088611707510173.html 5. A system failure at what exchange shut down trading in its biggest stocks for seven hours on Monday? * a) London Stock Exchange b) Shanghai Stock Exchange c) American Stock Exchange d) New York Stock Exchange e) Tokyo Stock Exchange
