The Financial Crisis in the U

question 66

Multiple Choice

The financial crisis in the U.S. in 2009 was triggered by ____.

• A) the global hike in the price of crude oil
• B) the slowdown in U.S. imports
• C) the problems in the U.S. subprime mortgage lending market
• D) the artificial fixing of currency rate by China

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Definitions:

Present Value

Today's monetary equivalent of a future amount of money or cash flow sequences, using a specified rate of return.

Discount Rate

In the realm of discounted cash flow analysis, this interest rate is used to calculate the present value of expected future cash flows.

Payments

The process of transferring money in exchange for goods or services or as fulfillment of obligations.

Years

A unit of time equal to 365 days (or 366 in a leap year), used to measure duration or age.