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

2. For what political party was Sarah Palin the nominee for Vice President of the United States?
(a) Tea Party.
(b) Republican.
(c) Green Party.
(d) Democrat.

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

4. 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?
(a) Derivatives market.
(b) Bond market.
(c) Speculative market.
(d) Stock market.

5. Of what political party was Ronald Reagan a member?
(a) Democrat.
(b) Green Party.
(c) Tea Party.
(d) Republican.

Short Answer Questions

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

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

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

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?

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

(see the answer key)

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