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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 a market for securities (debt or equity), where business enterprises and governments can raise long-term funds?
(a) Capital market.
(b) Subsidy market.
(c) Derivatives market.
(d) Bond market.

2. When did Lehman Brothers declare bankruptcy?
(a) September, 2008.
(b) October, 2008.
(c) November, 2007.
(d) September 2009.

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?
(a) Derivitaves market.
(b) Ponzi scheme.
(c) Subsidized market.
(d) Unsubsidized loans.

4. According to the author, the Tea Party distracts its followers from the real villains of Wall Street by convincing itself that what is the enemy?
(a) Alan Greenspan.
(b) Big government.
(c) Free-market economics.
(d) Capitalism.

5. The Tea Party got its name from what CNBC economic analyst?
(a) John Anderson.
(b) Ted Coppell.
(c) Rick Santelli.
(d) Anderson Cooper.

Short Answer Questions

1. In Chapter 1, there was exhaustion because the campaign had been how long?

2. Of what political party was Ronald Reagan a member?

3. According to the author, the top one percent of Americans own almost what percent of the wealth?

4. What refers to a public entity for the trading of company stock and derivatives at an agreed price?

5. During what years was Ronald Reagan President of the United States?

(see the answer key)

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