Question 1

Explain loan pushing and its relationship to economic crisis.

Accepted Answer

Loan pushing is a form of reckless lendi...

Question 2

Which of the following is true about US investment bank loans to Greece?

Accepted Answer

A)   They violated European Union rules.
B)   There were a global-level form of loan pushing and subprime lending.
C)   They undermined the Euro.
D)   All of the above
E)   None of the aboveF) B) and D)
G) B) and E)

Question 3

What is capitalism essentially based on?

Accepted Answer

A)   Democracy
B)   Democratic access to debt
C)   Loans for productive investment
D)   Solidarity
E)   Babylonian banking systemsF) C) and E)
G) None of the above

Question 4

How did international lenders respond to Greece during the 2008 financial crisis?

Accepted Answer

The international lenders responded to G...

Question 5

Define "odious debt" and provide an example.

Accepted Answer

Odious debt is when a despotic power inc...

Question 6

The financial crisis of the 1970s led to the introduction of which new economic model?

Accepted Answer

A)   Socialism
B)   Neocolonialism
C)   Conservatism
D)   Neoliberalism
E)   CapitalismF) B) and D)
G) B) and C)

Question 7

Briefly describe the importance of the Heavily Indebted Poor Countries Initiative.

Accepted Answer

Launched in 1996, the Heavily Indebted P...

Question 8

What is usury?

Accepted Answer

A)   Excessive interest rates
B)   Interest rates
C)   Prison
D)   A debtor working for a creditor
E)   the principal loansF) B) and C)
G) B) and D)

Question 9

Banks make higher-risk foreign loans during what Kindleberger's refers to as "the period of mania."

Accepted Answer

A) True 
 B)False

Question 10

What is interest and how is it viewed?

Accepted Answer

Interest payments are most common, usual...

Question 11

Why did some European countries invade Mexico the nineteenth century?

Accepted Answer

A)   Because they did not want to pay Mexico for their debts
B)   Because Ferdinand Maximilian became an Emperor
C)   Mexico defaulted
D)   Mexico annexed Central America
E)   They were in war against each otherF) C) and E)
G) A) and B)

Question 12

What was the earliest post-war example of what would later be called structural adjustment programs?

Accepted Answer

A)   Forcing the French to denationalize their key industries
B)   Conditional loans made to the Soviet Union
C)   Making the British Pound convertible to the dollar
D)   Canadian integration with the American economy
E)   The formation of the European Coal and Steel CommunityF) B) and D)
G) C) and D)

Question 13

House prices rising faster than incomes was unique to the US housing market.

Accepted Answer

A) True 
 B)False

Question 14

Odious debt refers to debt that is accumulated in the interest of a regime rather than a nation.

Accepted Answer

A) True 
 B)False

Question 15

Traditionally, countries have developed by opening up their markets.

Accepted Answer

A) True 
 B)False

Question 16

What was the Jubilee Campaign?

Accepted Answer

In the mid-1990s, a global campaign bega...

Question 17

According to the OECD in 2015, the gap between rich and poor continues continued to widen.

Accepted Answer

A) True 
 B)False

Question 18

In the 1920s, American bankers where more like high pressure salesmen than traditional aloof bankers.

Accepted Answer

A) True 
 B)False

Question 19

A "net transfer on debt" is new loans plus interest payments and principal repayments on old debts.

Accepted Answer

A) True 
 B)False

Question 20

What can you tell about the restrictions imposed by the Hammurabi Code in relation to debt?

Accepted Answer

The Hammurabi code contains two importan...

Exam 15: Debt and Development

A "net transfer on debt" is new loans plus interest payments and principal repayments on old debts.

Correct AnswerverifiedShow Answer

Why did some European countries invade Mexico the nineteenth century?

Correct AnswerverifiedShow Answer

Which of the following is true about US investment bank loans to Greece?

Correct AnswerverifiedShow Answer

Define "odious debt" and provide an example.

Correct AnswerverifiedOdious debt is when a despotic power inc...View AnswerShow Answer

Briefly describe the importance of the Heavily Indebted Poor Countries Initiative.

Correct AnswerverifiedLaunched in 1996, the Heavily Indebted P...View AnswerShow Answer

What was the Jubilee Campaign?

Correct AnswerverifiedIn the mid-1990s, a global campaign bega...View AnswerShow Answer

Odious debt refers to debt that is accumulated in the interest of a regime rather than a nation.

Correct AnswerverifiedShow Answer

What is usury?

Correct AnswerverifiedShow Answer

House prices rising faster than incomes was unique to the US housing market.

Correct AnswerverifiedShow Answer

In the 1920s, American bankers where more like high pressure salesmen than traditional aloof bankers.

Correct AnswerverifiedShow Answer

What was the earliest post-war example of what would later be called structural adjustment programs?

Correct AnswerverifiedShow Answer

According to the OECD in 2015, the gap between rich and poor continues continued to widen.

Correct AnswerverifiedShow Answer

What is capitalism essentially based on?

Correct AnswerverifiedShow Answer

The financial crisis of the 1970s led to the introduction of which new economic model?

Correct AnswerverifiedShow Answer

How did international lenders respond to Greece during the 2008 financial crisis?

Correct AnswerverifiedThe international lenders responded to G...View AnswerShow Answer

What can you tell about the restrictions imposed by the Hammurabi Code in relation to debt?

Correct AnswerverifiedThe Hammurabi code contains two importan...View AnswerShow Answer

Explain loan pushing and its relationship to economic crisis.

Correct AnswerverifiedLoan pushing is a form of reckless lendi...View AnswerShow Answer

What is interest and how is it viewed?

Correct AnswerverifiedInterest payments are most common, usual...View AnswerShow Answer

Banks make higher-risk foreign loans during what Kindleberger's refers to as "the period of mania."

Correct AnswerverifiedShow Answer

Traditionally, countries have developed by opening up their markets.

Correct AnswerverifiedShow Answer

Correct Answer
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Correct Answer
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Correct Answer
verified

Correct Answer
verified
Odious debt is when a despotic power inc...
View Answer

Correct Answer
verified
Launched in 1996, the Heavily Indebted P...
View Answer

Correct Answer
verified
In the mid-1990s, a global campaign bega...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
The international lenders responded to G...
View Answer

Correct Answer
verified
The Hammurabi code contains two importan...
View Answer

Correct Answer
verified
Loan pushing is a form of reckless lendi...
View Answer

Correct Answer
verified
Interest payments are most common, usual...
View Answer

Correct Answer
verified

Correct Answer
verified