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Exercise "Global financial crisis", created by woodyrun (a free exercise to learn English):
Results of the 24 694 people who have taken this test:
Average mark: 58 / 100 Share
Latest member with a 100/100 (perfect mark): gfe1781 / FRANCE, on Monday 13 July - 10:23:
"Thank you for your test !"
They got a perfect mark
Stats (19795 candidates)
Question 1 passed: 74 %
When the US economy was * and the interest rates were very low
Question 2 passed: 73.8 %
, millions of Americans signed for housing *.
Question 3 passed: 77 %
As the interest rates were low, many * took on bigger loans for bigger houses.
Question 4 passed: 52.4 %
Then, due to a huge demand for *, housing prices soared.
Question 5 passed: 52 %
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.
Question 6 passed: 47 %
These loans were granted with very high * interest rates.
Question 7 passed: 62 %
They are called *.
Question 8 passed: 58.3 %
Then, when the economy began to slow and interest rates began to *,
Question 9 passed: 58.9 %
people were no longer able to pay back their *.
Question 10 passed: 42.3 %
A huge * began:
Question 11 passed: 60.9 %
a famous investment bank, Lehman Brothers, * bankrupt
Question 12 passed: 83.7 %
and over one million homes were sold at *.
Question 13 passed: 50.2 %
A rescue package was signed by the US president to stimulate economic *,
Question 14 passed: 47.4 %
but the financial crisis is spreading and economists say that many countries are now on the verge of *.
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