The COVID-19 pandemic and the resulting keep-at-house orders threw the U.S. financial state into a tailspin late in the initially quarter. It wreaked havoc on households and businesses, putting an abrupt end to file-reduced unemployment and far more than 5 straight yrs of quarterly GDP growth. Get our quiz to see how a great deal you recall about the initially months of the outbreak.
one. What percentage of outstanding U.S. house loans were being in forbearance (the buyer was not generating payments) as of late May perhaps?
two. Private saving as a percentage of disposable revenue strike 33% in April, after climbing to 9.six% in the initially quarter. Considering the fact that 1947, the quarterly fee exceeded 15% only a single time. In what year was that?
3. Which publicly held organization did not report a income in the initially quarter of 2020?
B. Slack Systems
C. Tyson Food items
four. Which organization has submitted for individual bankruptcy considering the fact that the outbreak of the COVID-19 pandemic?
C. Diamond Offshore
D. Hertz World Holdings
E. All of the earlier mentioned
five. As of June eight, what was the most mortgage measurement available beneath the Fed’s Key Street Lending software?
A. $300 million
B. $fifty million
C. $a hundred million
D. $five hundred million
six. By how a great deal did international merger and acquisition activity decline in the initially quarter of 2020?
C. 20%-twenty five%
D. Additional than twenty five%
7. On which date did the Globe Overall health Business declare the coronavirus a pandemic?
A. March 11
B. February 26
C. January 30
D. March 29
eight. Which U.S. leader explained back again in May perhaps, “In the extensive-operate and even in the medium-operate, you wouldn’t want to guess against the American financial state.”
A. President Donald Trump
B. Treasury Secretary Steven Mnuchin
C. Republican Senator Rand Paul
D. Federal Reserve Chair Jerome Powell
Solutions: one-B two-C 3-B four-E five-A6-D 7-A eight-D
Sources: Property finance loan Bankers Association, Federal Reserve, CFO.com, Refinitiv