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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 6: The Trillion-dollar Band-Aid - Health Care Refor.

Multiple Choice Questions

1. What refers to an entity that provides services for stock brokers and traders to trade stocks, bonds, and other securities?
(a) Federal Reserve.
(b) Stock exchange.
(c) Bond market.
(d) Treasury market.

2. According to the author, the Tea Party believes that the economy is self-correcting as long as commerce and _______ are separated.
(a) Socialism.
(b) Business.
(c) Derivatives.
(d) Government.

3. The Prudent Man Rule is based on common law stemming from what Massachusetts court decision?
(a) Harvard College v. Amory.
(b) Anderson and Smith v. Amory.
(c) Amory v. Harvard College.
(d) Yale College v. Harvard University.

4. When was Atlas Shrugged published?
(a) 1968.
(b) 1948.
(c) 1957.
(d) 1940.

5. What company did Robert Lukens run in Chapter 4: Blowout - The Commodities Bubble?
(a) Lukens Architecture Firm.
(b) Lukens Sanitation Company.
(c) Lukens Roofing.
(d) Lukens Construction Company.

Short Answer Questions

1. From 1948 to 1953, Alan Greenspan worked as an economic analyst at what business and industry oriented think-tank in New York City?

2. During the Yom Kippur War, Syria and Egypt attacked territories Israel had captured in what war?

3. The loans on the bottom tier of derivatives were referred to as what?

4. 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?

5. Who negotiated an Israel withdrawal from the Sinai peninsula as well as an end to the oil embargo by OPEC?

(see the answer key)

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