The COVID-19 pandemic and the ensuing remain-at-dwelling orders threw the U.S. economic climate into a tailspin late in the initial quarter. It wreaked havoc on households and businesses, putting an abrupt stop to file-minimal unemployment and far more than 5 straight yrs of quarterly GDP advancement. Choose our quiz to see how a great deal you recall about the initial months of the outbreak.
one. What share of outstanding U.S. dwelling financial loans were in forbearance (the purchaser was not generating payments) as of late May?
two. Personalized saving as a share of disposable profits strike 33% in April, right after climbing to 9.6% in the initial quarter. Because 1947, the quarterly charge exceeded fifteen% only 1 time. In what yr was that?
three. Which publicly held organization did not report a gain in the initial quarter of 2020?
B. Slack Technologies
C. Tyson Food items
four. Which organization has submitted for bankruptcy because the outbreak of the COVID-19 pandemic?
C. Diamond Offshore
D. Hertz World wide Holdings
E. All of the over
5. As of June 8, what was the optimum loan size available less than the Fed’s Primary Road Lending software?
A. $three hundred million
B. $fifty million
C. $100 million
D. $five hundred million
6. By how a great deal did world merger and acquisition exercise drop in the initial quarter of 2020?
D. Additional than 25%
7. On which date did the Globe Wellness Organization declare the coronavirus a pandemic?
A. March 11
B. February 26
C. January thirty
D. March 29
8. Which U.S. chief said again in May, “In the extended-run and even in the medium-run, you would not want to wager versus the American economic climate.”
A. President Donald Trump
B. Treasury Secretary Steven Mnuchin
C. Republican Senator Rand Paul
D. Federal Reserve Chair Jerome Powell
Responses: one-B two-C three-B four-E 5-A6-D 7-A 8-D
Sources: Home finance loan Bankers Affiliation, Federal Reserve, CFO.com, Refinitiv