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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 2: The Biggest Asshole in the Universe.

Multiple Choice Questions

1. What refers to a public entity for the trading of company stock and derivatives at an agreed price?
(a) Bond market.
(b) Stock market.
(c) Treasury market.
(d) Capital market.

2. 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.

3. According to the author, the top one percent of Americans own almost what percent of the wealth?
(a) 40.
(b) 20.
(c) 60.
(d) 30.

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

5. Ronald Reagan was the thirty-third governor of what state?
(a) Washington.
(b) California.
(c) Arizona.
(d) Texas.

Short Answer Questions

1. In what year did Alan Greenspan tell Congress that the risk involved in derivatives was "negligible"?

2. Richard Nixon was President of the United States during what years?

3. Alan Greenspan recommended the Reagan era increase in Social Security tax, and the rate went from 9.35% to ___________.

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

5. When was Ayn Rand born?

(see the answer key)

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