2) According to the text, which statement is true about the situation before the 2000s?
A. Credit rating agencies were mostly funded by the government.
B. Personal loans were not as popular as in the following period.
C. Investment banks and commercial banks were not much related in their operations.
D. People always made a huge sum of money when making investments.
3) Which CANNOT be inferred about investment bankers in the passage?
A. They took a huge risk distributing mortgages and loans to different people.
B. They co-operated with rating agencies in an unhealthy way.
C. They achieved insurmountable financial gains at the beginning of the century.
D. They were the biggest reason why the global crisis was triggered.
4) What was the main problem with the credit rating agencies mentioned in the text?
A.They provided inaccurate assessments for individual investors.
B. They were sponsored illegally by investment banks.
C. They showed total transparency in their professional opinions.
D. They were too inconsistent in their mortgage evaluations.
5) What is the overall attitude of the writer towards insurance companies in the text?A. He was critical of the way they did business as it worsened the economic situation.
B. He was supportive of how much they contributed to help the society.
C. He was skeptical about their reputation and credibility at that time.
D. He was positive about their commercial success and future growth.
Why does the author mention the example of Chinese people in the fifth paragraph?
to highlight the financial stability in many parts of the world
B. to show that Westerners' attitudes to financial management unreasonable
C. to promote the practice of saving more money to readers
D. to praise their strict spending habits during such a difficult time
7) What is the most possible conclusion of this reading passage?A. Certain nationalities should follow the lead of others to become financially stable.
B. Worldwide attitudes to financial issues are to blame for the global crisis.
C. Several groups should take responsibility for creating the global financial crisis.
D. The global financial crisis would not have happened if people were still imprisoned for being in debt.
8) What is the writer's main purpose in this passage?
A. to detail which processes caused the global financial crisis to happen B. to summarise the main causes of the universal economic recession
C. to criticise investment banks' unhealthy concept of debt
Et Question
xt Reading
