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

2. When was Griftopia: A Story of Bankers, Politicians, and the Most Audacious Power Grab in American History published?
(a) December, 2009.
(b) September, 2011.
(c) September, 2008.
(d) October, 2009.

3. What do T-Bills refer to?
(a) Trade bills.
(b) Treasury bills.
(c) Tendered bills.
(d) Tranche bills.

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

5. Who was Vice President to Richard Nixon?
(a) Ronald Reagan.
(b) Lyndon Johnson.
(c) Spiro Agnew.
(d) George H. Bush.

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. What does NINJA stand for in the mortgage industry?

3. According to the author, many loans were _____ meaning there was no documentation that confirmed their qualifications for the loans.

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

5. The Bear Stearns Companies, Inc. was based in what US city?

(see the answer key)

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