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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 recommended the Reagan era increase in Social Security tax, and the rate went from 9.35% to ___________.
(a) 20.1%.
(b) 15.3%.
(c) 13.9%.
(d) 12.5%.

2. 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) $1,000.
(b) $500.
(c) $3,000.
(d) $1,300.

3. When did John McCain marry Carol Shepp?
(a) 1965.
(b) 1975.
(c) 1948.
(d) 1985.

4. 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) Credit fund.
(b) Hedge fund.
(c) Stock portfolio.
(d) Derivatives fund.

5. What refers to a financial market where participants can issue new debt, known as the Primary market, or buy and sell debt securities, known as the Secondary market, usually in the form of bonds?
(a) Derivatives market.
(b) Stock market.
(c) Speculative market.
(d) Bond market.

Short Answer Questions

1. The Tea Party got its name from what CNBC economic analyst?

2. Where are the headquarters of Deutsche Bank?

3. What refers to a form of government in which engineers, scientists, health professionals, and other technical experts are in control of decision making in their respective fields?

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

5. What do T-Bills refer to?

(see the answer key)

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