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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. 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 Federal Reserve.
(b) The Democratic Board of Industry.
(c) The National Industrial Conference Board.
(d) The Republican Commission for Wealth.

2. According to the author, what philosophy translates to "My facts are facts and your facts are not facts"?
(a) "Consumerism."
(b) "Republican realism."
(c) "Capitalism."
(d) "Objective reality."

3. Of what political party was Ronald Reagan a member?
(a) Tea Party.
(b) Green Party.
(c) Democrat.
(d) Republican.

4. What refers to a public entity for the trading of company stock and derivatives at an agreed price?
(a) Bond market.
(b) Capital market.
(c) Stock market.
(d) Treasury market.

5. Where are the headquarters of Deutsche Bank?
(a) Oslo, Norway.
(b) Amsterdam, Netherlands.
(c) Bern, Switzerland.
(d) Frankfurt, Germany.

Short Answer Questions

1. 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?

2. 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?

3. When did Lehman Brothers declare bankruptcy?

4. Richard Nixon had capitalized on the "forgotten Americans." The push to gain these voters was known as________.

5. For what political party was Sarah Palin the nominee for Vice President of the United States?

(see the answer key)

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