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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 3: Hot Potato, The Great American Mortgage Scam.

Multiple Choice Questions

1. Since 2002, Deutsche Bank's Chief Executive Officer and Chairman of the Group Executive Committee has been __________.
(a) Josef Ackermann.
(b) Jan Leys.
(c) Joel Hosey.
(d) Michel Slosovik.

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

3. Richard Nixon was President of the United States during what years?
(a) 1991-1998.
(b) 1969-1974.
(c) 1971-1982.
(d) 1964-1971.

4. The fundamental belief of what philosophy is that self-interest is a normal human state and interventionism by the government is unnatural and evil?
(a) Absurdism.
(b) Objectivism.
(c) Subjectivism.
(d) Pluralism.

5. Richard Nixon had capitalized on the "forgotten Americans." The push to gain these voters was known as________.
(a) The "southern strategy."
(b) The Tea Party.
(c) The "silent strategy."
(d) The "southern cooperative."

Short Answer Questions

1. What refers to the part of the capital markets that deals with the issuance of new securities?

2. What refers to a public entity for the trading of company stock and derivatives at an agreed price?

3. According to the author, the top one percent of Americans own almost what percent of the wealth?

4. Who appointed Alan Greenspan as the Federal Reserve chairman?

5. What does NINJA stand for in the mortgage industry?

(see the answer key)

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