Name: _________________________ | Period: ___________________ |
This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 4: Blowout - The Commodities Bubble.
Multiple Choice Questions
1. According to the author, in his years of power, Alan Greenspan was able to turn the Federal Reserve into what?
(a) A Socialist mechanism.
(b) A bail-out mechanism for the ultra-rich.
(c) A place of integrity and fairness.
(d) An establishment for the poor.
2. By 2005, there was over how much money in subprime loans approved?
(a) $300 million.
(b) $800 billion.
(c) $600 billion.
(d) $500 billion.
3. During what years was Ronald Reagan President of the United States?
(a) 1979-1985.
(b) 1971-1978.
(c) 1981-1989.
(d) 1982-1990.
4. What refers to the part of the capital markets that deals with the issuance of new securities?
(a) Derivatives market.
(b) Secondary market.
(c) Primary market.
(d) Speculative market.
5. When was Atlas Shrugged published?
(a) 1948.
(b) 1957.
(c) 1940.
(d) 1968.
Short Answer Questions
1. Eljon Williams contacted what firm to help him get a home loan with a fixed mortgage?
2. What refers to a public entity for the trading of company stock and derivatives at an agreed price?
3. What was the name of Ayn Rand's circle of intellectuals which was dedicated to relentless self-interest?
4. The loans on the bottom tier of derivatives were referred to as what?
5. The Bear Stearns Companies, Inc. was based in what US city?
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