truc recession & depression

Question 1

To fall / to slide / to decrease / to drop

Answer 1

terms describing a reduction or downward trend in economic indicators, such as stock prices or demands

Question 2

foreclosure

Answer 2

a legal process where a lever seizes a property due to the borrowers failure to make mortgage payments

Question 3

frugal

Answer 3

avoiding waste

Question 4

fungible

Answer 4

being something (such as money or a commodity) of such a nature that one part or quantity may be replaced by another equal part in paying a debt or settling an account

Question 5

GDP

Answer 5

PIB

Question 6

the global economic meltdown

Answer 6

a severe worldwide economic crisis affecting multiple markets and industries, such as the 2008 financial crisis

Question 7

to go bankrupt

Answer 7

when a person or business is legally declared unable to pay their debts

Question 8

to go through a bad patch

Answer 8

experiencing a difficult or unprofitable period, often financially

Question 9

Great Depression

Answer 9

the economic crisis beginning with the stock market crash in 1929 and continuing through the 1930’s

Question 10

The housing bubble

Answer 10

a rapid increase in the home prices fueled by high demand, speculation, and low interest rates, eventually leading to a market crash

Question 11

Inexorable

Answer 11

Impossible to stop or prevent; in economics often refers to a trend or force that is difficult to change

Question 12

Interest

Answer 12

the profit in goods or money that is made on invested capital

Question 13

To lay off workers

Answer 13

to terminate employees due to economic conditions, often to reduce costs

Question 14

To lend money to somebody

Answer 14

to provide funds to someone under an agreement that they will repay it, usually with interest

Question 15

Line up

Answer 15

to arrange our prepare something in an organized manner, such as securing funding or resources

Question 16

Loan

Answer 16

a sum of money borrowed with the expectation of repayment

Question 17

To make workers redundant

Answer 17

to dismiss employees from their jobs, typically because the positions are no longer needed due to restructuring

Question 18

Malaise

Answer 18

a feeling of mild sickness or depression

Question 19

Mismanagement

Answer 19

management that is careless or inefficient

Question 20

Moniker

Answer 20

a familiar name for a person

Question 21

Mortgage

Answer 21

a loan used to purchase property, typically a home, when the property itself serves as collateral until the loan is fully paid off

Question 22

Mortgaged

Answer 22

burdened with legal or financial obligations

Question 23

Pink slip

Answer 23

official notice that you have been fired from your job

Question 24

Portentous

Answer 24

of momentous or ominous significance

Question 25

Posit

Answer 25

take as given; assume as postulate or axiom

Question 26

To pull down

Answer 26

to reduce or decrease something, often used to describe a fall in economic indicators like prices, wages or profits

Question 27

Quotes

Answer 27

the naming or publishing of current bids and offers or prices of securities or commodities