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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. What does the CFTC stand for?
(a) The Congressional Finance Trust Commission.
(b) The Commodity Futures Trading Commission.
(c) The Capitalist Futures Commission.
(d) The Community Finance Trading Commission.

2. The protagonist of The Fountainhead is in what profession?
(a) Architect.
(b) Engineer.
(c) Banker.
(d) Doctor.

3. The fundamental belief of what philosophy is that self-interest is a normal human state and interventionism by the government is unnatural and evil?
(a) Objectivism.
(b) Pluralism.
(c) Subjectivism.
(d) Absurdism.

4. The Commodity Exchange Act was established under whose administration?
(a) Franklin D. Roosevelt.
(b) Gerald Ford.
(c) Theodore Roosevelt.
(d) Dwight Eisenhower.

5. What involves an exchange of the defaulted loan instrument (and with it the right to recover the default loan at some later time) for immediate money - usually the face value of the loan?
(a) Derivatives.
(b) Tranch default swap.
(c) Credit default swap.
(d) Free trade.

Short Answer Questions

1. 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?

2. What refers to trade in high volumes at prices that are considerably at variance with intrinsic values?

3. Who had to withdraw from a summer calculus class in San Francisco because he couldn't afford the gas for the commute?

4. When was Alan Greenspan born?

5. What do T-Bills refer to?

(see the answer key)

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