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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. What refers to the part of the capital markets that deals with the issuance of new securities?
(a) Derivatives market.
(b) Secondary market.
(c) Primary market.
(d) Speculative market.

2. The Bear Stearns Companies, Inc. was based in what US city?
(a) Los Angeles.
(b) New York.
(c) Seattle.
(d) Chicago.

3. The Tea Party movement is an American populist political movement that has sponsored protests and supported political candidates since what year?
(a) 2009.
(b) 2008.
(c) 2010.
(d) 2008.

4. For what magazine was Matt Taibbi working as a reporter when he describes having listened to the acceptance speech of Sarah Palin in Chapter 1?
(a) Wall Street Journal.
(b) Men's Journal.
(c) The New Yorker.
(d) Rolling Stone.

5. In what year was Sarah Palin a candidate for Vice President of the United States?
(a) 2008.
(b) 2005.
(c) 2004.
(d) 2002.

Short Answer Questions

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

2. 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?

3. What refers to a fraudulent investment operation that pays returns to its investors from their own money or the money paid by subsequent investors, rather than from any actual profit earned by the individual or organization running the operation?

4. What refers to a market for securities (debt or equity), where business enterprises and governments can raise long-term funds?

5. When did Lehman Brothers declare bankruptcy?

(see the answer key)

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