View a FREE sample

This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

1. Where did Alan Greenspan earn a B.S. degree in economics summa cum laude?
(a) Harvard University.
(b) Yale University.
(c) Princeton University.
(d) New York University.

2. When was Ronald Reagan born?
(a) 1911.
(b) 1930.
(c) 1925.
(d) 1919.

3. Alan Greenspan served as Chairman of the Federal Reserve of the United States during what years?
(a) 1980-2000.
(b) 1985-2004.
(c) 1990-1999.
(d) 1987-2006.

4. 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?
(a) Negative amortization.
(b) Inverted amortization.
(c) Positive securitization.
(d) Negative securitization.

5. What refers to a fraudulent investment operation that pays returns to its investors from their own money or the money paid by subsequent investors, rather than from any actual profit earned by the individual or organization running the operation?
(a) Subsidized market.
(b) Ponzi scheme.
(c) Unsubsidized loans.
(d) Derivitaves market.

Short Answer Questions

1. What NBC correspondent did Alan Greenspan marry?

2. Eljon Williams had what profession?

3. When was Alan Greenspan born?

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

5. In 2002, less than how much worth of subprime loans was approved?

Short Essay Questions

1. How does Taibbi believe Sarah Palin took Nixon's campaign strategy further?

2. With what Tea Party member did Taibbi travel? What did he discover about the Republican candidates' issues?

3. How does the author relate Alan Greenspan's methods with those of a casino?

4. What actions did Alan Greenspan take which led directly to the housing bubble bust?

5. What process did banks undertake in order to sells risky loans, as described in Chapter 3?

6. How are "no doc" loans described in Chapter 3? How were the borrowers scammed in this system?

7. How does the Tea Party mislead its followers from the true enemy, according to the author?

8. As described in Chapter 2, what was Alan Greenspan's focus in controlling the United States economy?

9. What does Taibbi write of his thoughts on Sarah Palin in Chapter 1?

10. How did the market for subprime loans change between 2002 and 2005?

(see the answer keys)

This section contains 876 words (approx. 3 pages at 300 words per page) View a FREE sample