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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. Eljon Williams and his wife were shocked when their mortgage went up over how much from one month to the next in Chapter 3?
(a) $500.
(b) $200.
(c) $300.
(d) $100.

2. For what political party was Sarah Palin the nominee for Vice President of the United States?
(a) Green Party.
(b) Democrat.
(c) Tea Party.
(d) Republican.

3. The Commodity Exchange Act replaced what earlier act from 1922?
(a) The Farm Futures Act.
(b) The Farm America Act.
(c) The Cotton Act.
(d) The Grain Futures Act.

4. What involves an exchange of the defaulted loan instrument (and with it the right to recover the default loan at some later time) for immediate money - usually the face value of the loan?
(a) Derivatives.
(b) Tranch default swap.
(c) Credit default swap.
(d) Free trade.

5. When did the Yom Kippur War end?
(a) November 3, 1973.
(b) October 25, 1973.
(c) October 15, 1972.
(d) September 14, 1975.

Short Answer Questions

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

2. In December 2008, Chicago Mayor Richard Daley announced that he had leased out the city's parking meters for over ____________.

3. Of what descent was Alan Greenspan's father?

4. What was the name of Ayn Rand's circle of intellectuals which was dedicated to relentless self-interest?

5. In what year did President Nixon decide to rearm the Israelis, angering the oil-producing Arab states?

(see the answer key)

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