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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. By 2005, there was over how much money in subprime loans approved?
(a) $500 billion.
(b) $600 billion.
(c) $300 million.
(d) $800 billion.

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

3. Richard Nixon was President of the United States during what years?
(a) 1991-1998.
(b) 1964-1971.
(c) 1971-1982.
(d) 1969-1974.

4. What does NINJA stand for in the mortgage industry?
(a) No incidental job or abilities.
(b) No income, job, or allocations.
(c) No indictments, job, or allimony.
(d) No income, job, or assets.

5. The three sections of the Pennsylvania turnpike system total how many miles?
(a) 532.
(b) 581.
(c) 210.
(d) 154.

Short Answer Questions

1. Who had to withdraw from a summer calculus class in San Francisco because he couldn't afford the gas for the commute?

2. Alan Greenspan recommended the Reagan era increase in Social Security tax, and the rate went from 9.35% to ___________.

3. What refers to an entity that provides services for stock brokers and traders to trade stocks, bonds, and other securities?

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

5. What do SWFs refer to?

(see the answer key)

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