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

2. Eljon Williams learned that the firm which helped him obtain a mortgage had gotten a commission of how much money?
(a) $10,000.
(b) $12,000.
(c) $8,000.
(d) $5,000.

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

4. Who appointed Alan Greenspan as the Federal Reserve chairman?
(a) Bill Clinton.
(b) Ronald Reagan.
(c) George W. Bush.
(d) George H. Bush.

5. AIG was listed on the Dow Jones Industrial Average from _________ to September 22, 2008.
(a) September 19, 2005.
(b) March 12, 2008.
(c) April 8, 2004.
(d) August 5, 2003.

Short Answer Questions

1. Where did Alan Greenspan earn a B.S. degree in economics summa cum laude?

2. Alan Greenspan served as Chairman of the Federal Reserve of the United States during what years?

3. When did Alan Greenspan earn his doctorate in economics?

4. Where was Ayn Rand born?

5. From 1948 to 1953, Alan Greenspan worked as an economic analyst at what business and industry oriented think-tank in New York City?

(see the answer key)

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