Learn English 100% free...Get 1 free lesson per week // Add a new lesson
Log in!

Click here to log in
New account
4 million accounts created!
JOIN our free club and learn English now!

  • Home
  • Print
  • Guestbook
  • Report a bug

  • Get a free English lesson every week!
    Click here!

    - Our other sites

    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 - Vocabulary: going to the bank... - Vocabulary: gold everywhere - Vocabulary: generosity and meanness - Ask and give a price-GBP - Vocabulary: consumption - Vocabulary: gems and silver - Living standards
    > Double-click on words you don't understand

    Global financial crisis

    The Global Financial Crisis 


    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





    Low  /  high  





    On the verge of  



    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 


    The recession  

    Use these words.

    Twitter Share
    English exercise "Global financial crisis" created by woodyrun with The test builder. [More lessons & exercises from woodyrun]
    Click here to see the current stats of this English test

    Please log in to save your progress.

    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
    A free English exercise to learn English.
    Other English exercises on the same topic : Banks, money | All our lessons and exercises