View a FREE sample

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) Collectives.
(b) Derivatives.
(c) Incidentals.
(d) Tranch blocks.

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

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

4. In what year did Alan Greenspan earn his M.A. degree in economics?
(a) 1970.
(b) 1965.
(c) 1954.
(d) 1950.

5. In Chapter 3, what process in which loans are split up and sold off to secondary investors as securities was used by banks?
(a) Authorization.
(b) Securitization.
(c) Derivatives.
(d) Amortization.

Short Answer Questions

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

2. Richard Nixon was President of the United States during what years?

3. When was Ayn Rand born?

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

5. Who was Vice President to Richard Nixon?

(see the answer key)

This section contains 199 words (approx. 1 page at 300 words per page) View a FREE sample