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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 3: Hot Potato, The Great American Mortgage Scam.

Multiple Choice Questions

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

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

3. Eljon Williams and his wife were shocked when their mortgage went up over how much from one month to the next in Chapter 3?
(a) $100.
(b) $300.
(c) $200.
(d) $500.

4. From 1948 to 1953, Alan Greenspan worked as an economic analyst at what business and industry oriented think-tank in New York City?
(a) The Republican Commission for Wealth.
(b) The Democratic Board of Industry.
(c) The Federal Reserve.
(d) The National Industrial Conference Board.

5. Richard Nixon was President of the United States during what years?
(a) 1971-1982.
(b) 1991-1998.
(c) 1969-1974.
(d) 1964-1971.

Short Answer Questions

1. What refers to the idea of a society in a repressive and controlled state, often under the guise of being Utopian?

2. Where did Alan Greenspan study clarinet from 1943 to 1944?

3. Eljon Williams contacted what firm to help him get a home loan with a fixed mortgage?

4. What do T-Bills refer to?

5. What refers to the part of the capital markets that deals with the issuance of new securities?

(see the answer key)

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