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This task requires a detailed examination of five articles concerning the US financial system. It addresses the events that led to the financial crisis, the reasons behind these events, and various proposed solutions for reforming the financial system. Additionally, it explores indicators of economic recovery, the feasibility of the proposed solutions, and the potential for ensuring a stable recovery. Engaging with these topics will help deepen understanding of financial terminology and key concepts relevant to current economic discussions.
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Task 1 • Read the five articles and answer the following questions in your own wordsbased on the information reported in them: • What happened? Why did it happen? • What solutions to the US financial system have been advanced? In your opinion, are those proposals feasible and effective? • What signs have indicated an economic recovery? Can a recovery be ensured? Why or why not? (Each answer should not be less than 100 words)
Task 1 Notes: • Read the articles in the handout carefully to (1) get the information and (2) learn the terms, key words and sentence patterns associated with finance. • Important terms in the handout will be checked.