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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 4: Blowout - The Commodities Bubble.

Multiple Choice Questions

1. Alan Greenspan joined the Richard Nixon campaign in what year?
(a) 1972.
(b) 1945.
(c) 1968.
(d) 1974.

2. What is a public company that provides analytics and decision making services intended to help financial services companies make complex, high-volume decisions?
(a) The Federal Reserve.
(b) FICO.
(c) Nasdaq.
(d) NATO.

3. What refers to the part of the economy which is run by private individuals or groups, usually as a means of enterprise for profit, and is not controlled by the state?
(a) Education system.
(b) Private sector.
(c) Stock market.
(d) Public sector.

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

5. According to the author, the Tea Party distracts its followers from the real villains of Wall Street by convincing itself that what is the enemy?
(a) Big government.
(b) Alan Greenspan.
(c) Free-market economics.
(d) Capitalism.

Short Answer Questions

1. Of what descent was Alan Greenspan's father?

2. According to the author in Chapter 4: Blowout - The Commodities Bubble, speculators took over the commodities market and by 2008, what percent of commodity exchanges was speculative?

3. Five years prior to the moment Priscilla Carillo started living in her car, the commodity indices rose from $13 billion to what amount?

4. In Chapter 1, there was exhaustion because the campaign had been how long?

5. The Commodity Exchange Act replaced what earlier act from 1922?

(see the answer key)

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