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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. What are created when banks split their mortgage loan payments into three levels and sell them in separate packages?
(a) Incidentals.
(b) Derivatives.
(c) Tranch blocks.
(d) Collectives.

2. What is a public company that provides analytics and decision making services intended to help financial services companies make complex, high-volume decisions?
(a) Nasdaq.
(b) NATO.
(c) FICO.
(d) The Federal Reserve.

3. Who is the protagonist of Atlas Shrugged?
(a) Dagny Taggart.
(b) Michael Williams.
(c) Howard Roark.
(d) James Edwards.

4. When did Alan Greenspan earn his doctorate in economics?
(a) 1970.
(b) 1982.
(c) 1977.
(d) 1959.

5. When did Lehman Brothers declare bankruptcy?
(a) September 2009.
(b) November, 2007.
(c) October, 2008.
(d) September, 2008.

Short Answer Questions

1. Since 2002, Deutsche Bank's Chief Executive Officer and Chairman of the Group Executive Committee has been __________.

2. In 2002, less than how much worth of subprime loans was approved?

3. Of what political party was Ronald Reagan a member?

4. What does NINJA stand for in the mortgage industry?

5. What refers to a fraudulent investment operation that pays returns to its investors from their own money or the money paid by subsequent investors, rather than from any actual profit earned by the individual or organization running the operation?

(see the answer key)

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