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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 5: The Outsourced Highway - Wealth Funds.

Multiple Choice Questions

1. In Chapter 3, what fee did companies that would attach a borrower's name to the credit score of another person who was more credit worthy charge?
(a) $1,300.
(b) $1,000.
(c) $500.
(d) $3,000.

2. Eljon Williams learned that the firm which helped him obtain a mortgage had gotten a commission of how much money?
(a) $10,000.
(b) $8,000.
(c) $5,000.
(d) $12,000.

3. In what year was Sarah Palin a candidate for Vice President of the United States?
(a) 2008.
(b) 2004.
(c) 2005.
(d) 2002.

4. The Bear Stearns Companies, Inc. was based in what US city?
(a) Los Angeles.
(b) Chicago.
(c) Seattle.
(d) New York.

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

Short Answer Questions

1. What refers to the partial or complete prohibition of commerce and trade with a particular country, in order to isolate it?

2. Eljon Williams contacted what firm to help him get a home loan with a fixed mortgage?

3. What involves an exchange of the defaulted loan instrument (and with it the right to recover the default loan at some later time) for immediate money - usually the face value of the loan?

4. When was Atlas Shrugged published?

5. In finance, what occurs whenever the loan payment for any period is less than the interest charged over that period so that the outstanding balance of the loan increases?

(see the answer key)

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