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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. The Commodity Exchange Act was established under whose administration?
(a) Franklin D. Roosevelt.
(b) Gerald Ford.
(c) Theodore Roosevelt.
(d) Dwight Eisenhower.

2. What is a private, actively managed investment fund that utilizes sophisticated strategies in international and/or domestic markets, offsets losses during a market downturn, and/or generates returns higher than traditional stock and bond investments?
(a) Credit fund.
(b) Hedge fund.
(c) Stock portfolio.
(d) Derivatives fund.

3. What refers to the idea of a society in a repressive and controlled state, often under the guise of being Utopian?
(a) Socialism.
(b) Communism.
(c) Democracy.
(d) Dystopia.

4. 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) Unsubsidized loans.
(c) Subsidized market.
(d) Derivitaves market.

5. In what year did President Nixon decide to rearm the Israelis, angering the oil-producing Arab states?
(a) 1977.
(b) 1978.
(c) 1945.
(d) 1973.

Short Answer Questions

1. When did the Yom Kippur War begin?

2. Alongside what Presidential nominee did Sarah Palin run as Vice President of the United States?

3. With what Tea Party member did Matt Taibbi travel around Nevada in Chapter 1?

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

5. What company did Robert Lukens run in Chapter 4: Blowout - The Commodities Bubble?

(see the answer key)

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