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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. During his economic studies, Alan Greenspan worked under Eugene Banks, a managing director at what Wall Street investment bank?
(a) Deutche Bank.
(b) Brown Brothers Harriman.
(c) Solomon Edwards.
(d) Simon & Schuster.

2. Goldman-Sachs argued that investing in commodities futures would reduce risk and yield __________.
(a) Derivatives.
(b) Speculative returns.
(c) Equity-like returns.
(d) T-bill returns.

3. 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?
(a) Negative securitization.
(b) Positive securitization.
(c) Inverted amortization.
(d) Negative amortization.

4. Who had to withdraw from a summer calculus class in San Francisco because he couldn't afford the gas for the commute?
(a) Robert Lukens.
(b) Peter Carillo.
(c) Leroy Marcus.
(d) Sam Serenda.

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

Short Answer Questions

1. When was Atlas Shrugged published?

2. When was John McCain born?

3. In 2002, less than how much worth of subprime loans was approved?

4. When did Lehman Brothers declare bankruptcy?

5. When was Ayn Rand born?

(see the answer key)

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