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

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?
(a) Derivitaves market.
(b) Unsubsidized loans.
(c) Subsidized market.
(d) Ponzi scheme.

3. 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) An establishment for the poor.
(c) A place of integrity and fairness.
(d) A bail-out mechanism for the ultra-rich.

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

5. Eljon Williams and his wife were shocked when their mortgage went up over how much from one month to the next in Chapter 3?
(a) $500.
(b) $300.
(c) $100.
(d) $200.

Short Answer 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?

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

3. When was Ayn Rand born?

4. Ronald Reagan was the thirty-third governor of what state?

5. What refers to the idea of a society in a repressive and controlled state, often under the guise of being Utopian?

(see the answer key)

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