1.How many loans on risky assets, with minimum collateral, did Freddie Mac and Fannie Mae write in the boom leading-up to the 2007-2009 liquidity crisis?

a.)$3,500bn

b.)$4,500bn

c.)$5,500bn

d.)$6,500bn

2.The characteristic feature of a financial crisis, otherwise known as a liquidity crisis, is:

a.)the destruction, or near destruction, of the finance sector.

b.)demand-side secular stagnation.

c.)supply-side secular stagnation.

d.)euphoria, mania and fear.