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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 1: The Grifter Archipelago; or, Why the Tea Party Doesn't Matter.

Multiple Choice Questions

1. During what years was Ronald Reagan President of the United States?
(a) 1982-1990.
(b) 1979-1985.
(c) 1971-1978.
(d) 1981-1989.

2. What refers to an entity that provides services for stock brokers and traders to trade stocks, bonds, and other securities?
(a) Treasury market.
(b) Federal Reserve.
(c) Bond market.
(d) Stock exchange.

3. What refers to trade in high volumes at prices that are considerably at variance with intrinsic values?
(a) Socialism.
(b) Capitalism.
(c) Free-market economics.
(d) Bubble economy.

4. Who was Vice President to Richard Nixon?
(a) George H. Bush.
(b) Lyndon Johnson.
(c) Ronald Reagan.
(d) Spiro Agnew.

5. Before declaring bankruptcy, Lehman Brothers Holdings Inc. was ranked as the _________ largest investment bank in the United States.
(a) Fourth.
(b) Third.
(c) Second.
(d) First.

Short Answer Questions

1. In what year was Sarah Palin a candidate for Vice President of the United States?

2. When was Ronald Reagan born?

3. With what Tea Party member did Matt Taibbi travel around Nevada in Chapter 1?

4. For what political party was Sarah Palin the nominee for Vice President of the United States?

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?

(see the answer key)

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