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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 5: The Outsourced Highway - Wealth Funds.

Multiple Choice Questions

1. According to the author, the top one percent of Americans own almost what percent of the wealth?
(a) 60.
(b) 30.
(c) 20.
(d) 40.

2. When did Lehman Brothers declare bankruptcy?
(a) October, 2008.
(b) November, 2007.
(c) September 2009.
(d) September, 2008.

3. 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.

4. In 2002, less than how much worth of subprime loans was approved?
(a) $1 billion.
(b) $200 billion.
(c) $300 million.
(d) $100 billion.

5. The Commodity Exchange Act was enacted in what year?
(a) 1916.
(b) 1936.
(c) 1958.
(d) 1942.

Short Answer Questions

1. In finance, what occurs whenever the loan payment for any period is less than the interest charged over that period so that the outstanding balance of the loan increases?

2. In international relations, what refers to a re-establishment of cordial relations, as between two countries?

3. When was Ronald Reagan born?

4. The investment bank division of Deutsche Bank is head-quartered where?

5. During what years was Ronald Reagan President of the United States?

(see the answer key)

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