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

2. What involves an exchange of the defaulted loan instrument (and with it the right to recover the default loan at some later time) for immediate money - usually the face value of the loan?
(a) Free trade.
(b) Credit default swap.
(c) Tranch default swap.
(d) Derivatives.

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

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

5. Richard Nixon had capitalized on the "forgotten Americans." The push to gain these voters was known as________.
(a) The "southern cooperative."
(b) The "southern strategy."
(c) The "silent strategy."
(d) The Tea Party.

Short Answer Questions

1. The protagonist of The Fountainhead is in what profession?

2. When was Ayn Rand born?

3. In Atlas Shrugged, a group of men break off on their own and form __________.

4. The Tea Party movement is an American populist political movement that has sponsored protests and supported political candidates since what year?

5. Who was Vice President to Richard Nixon?

(see the answer key)

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