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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. When was Ronald Reagan born?
(a) 1930.
(b) 1925.
(c) 1919.
(d) 1911.

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

3. Alan Greenspan served as Chairman of the Federal Reserve of the United States during what years?
(a) 1990-1999.
(b) 1980-2000.
(c) 1987-2006.
(d) 1985-2004.

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

5. According to the author, many loans were _____ meaning there was no documentation that confirmed their qualifications for the loans.
(a) "No trans."
(b) "No doc."
(c) "Insecure."
(d) "On spec."

Short Answer Questions

1. Who is the protagonist of The Fountainhead?

2. What does NINJA stand for in the mortgage industry?

3. According to the author, the top one percent of Americans own almost what percent of the wealth?

4. Alan Greenspan recommended the Reagan era increase in Social Security tax, and the rate went from 9.35% to ___________.

5. AIG was listed on the Dow Jones Industrial Average from _________ to September 22, 2008.

(see the answer key)

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