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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 6: The Trillion-dollar Band-Aid - Health Care Refor.

Multiple Choice Questions

1. In 2002, less than how much worth of subprime loans was approved?
(a) $200 billion.
(b) $300 million.
(c) $100 billion.
(d) $1 billion.

2. Eljon Williams learned that the firm which helped him obtain a mortgage had gotten a commission of how much money?
(a) $8,000.
(b) $10,000.
(c) $12,000.
(d) $5,000.

3. AIG was listed on the Dow Jones Industrial Average from _________ to September 22, 2008.
(a) March 12, 2008.
(b) April 8, 2004.
(c) August 5, 2003.
(d) September 19, 2005.

4. What is an independent self-regulatory organization and watchdog of the commodities and futures industry in the United States?
(a) The Congressional Finance Commission.
(b) The National Futures Association.
(c) The Wikileaks Watchdog Corporation.
(d) The Farm Futures Commission.

5. When was Atlas Shrugged published?
(a) 1968.
(b) 1957.
(c) 1948.
(d) 1940.

Short Answer Questions

1. What are created when banks split their mortgage loan payments into three levels and sell them in separate packages?

2. In international relations, what refers to a re-establishment of cordial relations, as between two countries?

3. Ronald Reagan was the thirty-third governor of what state?

4. What political party is Nancy Pelosi a member of?

5. In finance, what occurs whenever the loan payment for any period is less than the interest charged over that period so that the outstanding balance of the loan increases?

(see the answer key)

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