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This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. The loans on the bottom tier of derivatives were referred to as what?
(a) Top notch.
(b) Toxic waste.
(c) Bottom feeders.
(d) AAA.

2. The Tea Party movement is an American populist political movement that has sponsored protests and supported political candidates since what year?
(a) 2010.
(b) 2009.
(c) 2008.
(d) 2008.

3. During his economic studies, Alan Greenspan worked under Eugene Banks, a managing director at what Wall Street investment bank?
(a) Deutche Bank.
(b) Brown Brothers Harriman.
(c) Solomon Edwards.
(d) Simon & Schuster.

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

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

6. When was The Fountainhead published?
(a) 1941.
(b) 1967.
(c) 1943.
(d) 1954.

7. What refers to the part of the capital markets that deals with the issuance of new securities?
(a) Speculative market.
(b) Primary market.
(c) Derivatives market.
(d) Secondary market.

8. When was Ayn Rand born?
(a) 1915.
(b) 1925.
(c) 1905.
(d) 1930.

9. With what Tea Party member did Matt Taibbi travel around Nevada in Chapter 1?
(a) Sarah Palin.
(b) James Williams.
(c) Bill Parsons.
(d) Michele Bachmann.

10. 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) Pluralism.
(b) Absurdism.
(c) Subjectivism.
(d) Objectivism.

11. In Chapter 3, what process in which loans are split up and sold off to secondary investors as securities was used by banks?
(a) Securitization.
(b) Amortization.
(c) Derivatives.
(d) Authorization.

12. What is a private, actively managed investment fund that utilizes sophisticated strategies in international and/or domestic markets, offsets losses during a market downturn, and/or generates returns higher than traditional stock and bond investments?
(a) Stock portfolio.
(b) Credit fund.
(c) Hedge fund.
(d) Derivatives fund.

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

14. 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) $3,000.
(c) $1,000.
(d) $500.

15. The investment bank division of Deutsche Bank is head-quartered where?
(a) New York, New York.
(b) Chicago, Illinois.
(c) Washington, D.C.
(d) London, England.

Short Answer Questions

1. When was Griftopia: A Story of Bankers, Politicians, and the Most Audacious Power Grab in American History published?

2. Eljon Williams had what profession?

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

4. The protagonist of The Fountainhead is in what profession?

5. In Atlas Shrugged, a group of men break off on their own and form __________.

(see the answer keys)

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