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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 4: Blowout - The Commodities Bubble.

Multiple Choice Questions

1. When was Griftopia: A Story of Bankers, Politicians, and the Most Audacious Power Grab in American History published?
(a) September, 2008.
(b) September, 2011.
(c) October, 2009.
(d) December, 2009.

2. When was Alan Greenspan born?
(a) 1926.
(b) 1940.
(c) 1911.
(d) 1953.

3. Eljon Williams and his wife were shocked when their mortgage went up over how much from one month to the next in Chapter 3?
(a) $500.
(b) $300.
(c) $100.
(d) $200.

4. What refers to trade in high volumes at prices that are considerably at variance with intrinsic values?
(a) Capitalism.
(b) Bubble economy.
(c) Socialism.
(d) Free-market economics.

5. Where did Matt Taibbi hear Sarah Palin's acceptance speech in Chapter 1?
(a) The Superdome, New Orleans, LA.
(b) Wall Street, New York, NY.
(c) The Hewlitt Packard Center, San Jose, CA.
(d) The Xcel Center in St. Paul, MN.

Short Answer Questions

1. Where did Alan Greenspan study clarinet from 1943 to 1944?

2. The fundamental belief of what philosophy is that self-interest is a normal human state and interventionism by the government is unnatural and evil?

3. A new investment vehicle called index speculation was comprised of two main indices which were the Goldman-Sachs Commodity Index and ____________.

4. Richard Nixon was President of the United States during what years?

5. In Chapter 3, what process in which loans are split up and sold off to secondary investors as securities was used by banks?

(see the answer key)

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