Use a bluebook and a ball point pen. Be sure to justify your answers analytically and factually.
Here are the questions:
- Explain why the U.S. recently experienced a near financial collapse.
- Discuss the likely effects on the U.S. and global economy of a serious financial collapse.
- Discuss the effectiveness of government intervention in the financial system by shoring up threatened financial institutions.
- What is the most likely scenario that would have occurred if the U.S. government had not intervened in the banking system?
You have twenty four hours to finish your exam.