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    Learn English > English lessons and exercises > English test #51392: Global financial crisis
    > Other English exercises on the same topic: Banks, money [Change theme]
    > Similar tests: - Bill, tip, fare, fine, fee - Borrow / Lend / Loan - Shopping - ATM and money - English idioms: money - Money - Money and Bank Vocabulary - About money
    > Double-click on words you don't understand


    Global financial crisis


    The Global Financial Crisis 


    Images

    To trigger 

    To hit 

    To grant a loan  

    To live on credit  

    To entail  

    To spread 

    To soar  

    To rise

    To bail out  

    To sell at auction  

    To keep 

    To borrow  

    To lend  

    To pay back  

    To go bankrupt

    Images


    Global  

    Economic 

    Booming  

    Low  /  high  

    Weak 

    Huge 

    Risky 

     

    On the verge of  

     

    Images


    Real estate  

    A mortgage  

    A loan 

    A housing loan   

    A mortgage loan  

    An interest rate  

    A fixed rate  

    A floating / adjustable rate

    A prime lending rate   

    A subprime (lending rate)  

    The growth  

    The households  

    A turmoil 

    Debts  

    The recession  



    Use these words.





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    English exercise "Global financial crisis" created by woodyrun with The test builder
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    When the US economy was and the interest rates were very low , millions of Americans signed for housing . As the interest rates were low, many took on bigger loans for bigger houses. Then, due to a huge demand for , housing prices soared. Some investment banks which saw a big opportunity there, made the usual procedures to get a loan much easier and loans to households with low income or unstable jobs. These loans were granted with very high interest rates. They are called . Then, when the economy began to slow and interest rates began to , people were no longer able to pay back their . A huge began : A famous investment bank, Lehman Brothers, bankrupt and over one million homes were sold at . A rescue package was signed by the US president to stimulate economic . but the financial crisis is spreading and economists say that many countries are now on the verge of .







    End of the free exercise to learn English: Global financial crisis
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