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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. When was Ayn Rand born?
(a) 1925.
(b) 1905.
(c) 1930.
(d) 1915.

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

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

4. According to the author, the Tea Party believes that the economy is self-correcting as long as commerce and _______ are separated.
(a) Socialism.
(b) Derivatives.
(c) Government.
(d) Business.

5. Where did Alan Greenspan earn a B.S. degree in economics summa cum laude?
(a) Princeton University.
(b) New York University.
(c) Harvard University.
(d) Yale University.

Short Answer Questions

1. What refers to an entity that provides services for stock brokers and traders to trade stocks, bonds, and other securities?

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

3. According to the author, in his years of power, Alan Greenspan was able to turn the Federal Reserve into what?

4. The fundamental belief of what philosophy is that self-interest is a normal human state and interventionism by the government is unnatural and evil?

5. Who is the protagonist of Atlas Shrugged?

(see the answer key)

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