The COVID-19 pandemic and the resulting remain-at-dwelling orders threw the U.S. overall economy into a tailspin late in the 1st quarter. It wreaked havoc on households and corporations, placing an abrupt stop to document-lower unemployment and more than 5 straight several years of quarterly GDP expansion. Choose our quiz to see how substantially you recall about the 1st months of the outbreak.
1. What share of exceptional U.S. dwelling financial loans have been in forbearance (the customer was not creating payments) as of late May well?
two. Private saving as a share of disposable revenue strike 33% in April, after climbing to 9.six% in the 1st quarter. Given that 1947, the quarterly level exceeded 15% only a person time. In what 12 months was that?
3. Which publicly held business did not report a revenue in the 1st quarter of 2020?
B. Slack Systems
C. Tyson Meals
four. Which business has filed for individual bankruptcy since the outbreak of the COVID-19 pandemic?
C. Diamond Offshore
D. Hertz World wide Holdings
E. All of the above
five. As of June eight, what was the utmost personal loan dimensions readily available beneath the Fed’s Major Avenue Lending application?
A. $300 million
B. $fifty million
C. $100 million
D. $500 million
six. By how substantially did global merger and acquisition activity decline in the 1st quarter of 2020?
C. twenty%-twenty five%
D. Far more than twenty five%
seven. On which date did the Environment Well being Business declare the coronavirus a pandemic?
A. March eleven
B. February 26
C. January thirty
D. March 29
eight. Which U.S. chief said again in May well, “In the long-run and even in the medium-run, you wouldn’t want to bet against the American overall economy.”
A. President Donald Trump
B. Treasury Secretary Steven Mnuchin
C. Republican Senator Rand Paul
D. Federal Reserve Chair Jerome Powell
Responses: 1-B two-C 3-B four-E five-A6-D seven-A eight-D
Sources: Mortgage loan Bankers Association, Federal Reserve, CFO.com, Refinitiv