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This quiz consists of 5 multiple choice and 5 short answer questions through Chapters 4-7.

Multiple Choice Questions

1. Cuba remained a territory of Spain until the Spanish-American War ended in what year?
(a) 1862.
(b) 1841.
(c) 1898.
(d) 1913.

2. What is an investment position intended to offset potential losses that may be incurred by a companion investment?
(a) Hedge.
(b) Deductible.
(c) Bond.
(d) Futures contract.

3. Who introduced the Hope credit?
(a) George W. Bush.
(b) Ronald Reagan.
(c) Bill Clinton.
(d) John F. Kennedy.

4. According to the author in Chapter 1, companies want to profit, and consumers want what?
(a) Results.
(b) Satisfaction.
(c) Safety.
(d) Education.

5. According to the author, financial markets boil down to four basic simple needs. What is the second discussed in Chapter 7?
(a) Raising capital.
(b) Storing, protecting and making profitable use of excess capital.
(c) Speculation.
(d) Insuring against risk.

Short Answer Questions

1. The Lehman Brothers bank problem in 2008 occurred because the banks weren't what, according to the author?

2. What refers to reasoning which constructs or evaluates deductive arguments?

3. What describes the extent to which time or effort is well used for the intended task or purpose?

4. What are negative results which occur while trying to achieve a goal for the common good?

5. In what year did Douglas Ivester tell his sales team to pass free Coca-Cola around as the Berlin Wall toppled?

(see the answer key)

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