View a FREE sample

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. In what year was Sarah Palin a candidate for Vice President of the United States?
(a) 2008.
(b) 2002.
(c) 2005.
(d) 2004.

2. According to the author, in his years of power, Alan Greenspan was able to turn the Federal Reserve into what?
(a) A Socialist mechanism.
(b) A bail-out mechanism for the ultra-rich.
(c) A place of integrity and fairness.
(d) An establishment for the poor.

3. What does AIG stand for?
(a) Atlanta International Group.
(b) American Independent Group.
(c) American International Group.
(d) American Industrial Group.

4. What refers to a form of government in which engineers, scientists, health professionals, and other technical experts are in control of decision making in their respective fields?
(a) Plurocracy.
(b) Technocracy.
(c) Socialist democracy.
(d) Democracy.

5. What is a private, actively managed investment fund that utilizes sophisticated strategies in international and/or domestic markets, offsets losses during a market downturn, and/or generates returns higher than traditional stock and bond investments?
(a) Hedge fund.
(b) Credit fund.
(c) Stock portfolio.
(d) Derivatives fund.

Short Answer Questions

1. What do T-Bills refer to?

2. The loans on the bottom tier of derivatives were referred to as what?

3. When was Ronald Reagan born?

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

5. Where did Matt Taibbi hear Sarah Palin's acceptance speech in Chapter 1?

(see the answer key)

This section contains 238 words (approx. 1 page at 300 words per page) View a FREE sample