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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. For what political party was Sarah Palin the nominee for Vice President of the United States?
(a) Green Party.
(b) Democrat.
(c) Republican.
(d) Tea Party.

2. Where are the headquarters of Deutsche Bank?
(a) Amsterdam, Netherlands.
(b) Bern, Switzerland.
(c) Oslo, Norway.
(d) Frankfurt, Germany.

3. 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) Stock market.
(b) Bond market.
(c) Speculative market.
(d) Derivatives market.

4. Goldman-Sachs argued that investing in commodities futures would reduce risk and yield __________.
(a) Equity-like returns.
(b) Speculative returns.
(c) T-bill returns.
(d) Derivatives.

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

Short Answer Questions

1. According to the author, what philosophy translates to "My facts are facts and your facts are not facts"?

2. According to the author, many loans were _____ meaning there was no documentation that confirmed their qualifications for the loans.

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

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

5. Oil prices spiked to how much a barrel in 2008?

(see the answer key)

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