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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 6: The Trillion-dollar Band-Aid - Health Care Refor.

Multiple Choice Questions

1. 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 Republican Commission for Wealth.
(b) The Democratic Board of Industry.
(c) The National Industrial Conference Board.
(d) The Federal Reserve.

2. 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) Free trade.
(b) Derivatives.
(c) Credit default swap.
(d) Tranch default swap.

3. Ronald Reagan was the thirty-third governor of what state?
(a) Texas.
(b) Washington.
(c) Arizona.
(d) California.

4. For what state was Scott Brown elected Senator?
(a) Kansas.
(b) Washington.
(c) Illinois.
(d) Massachusetts.

5. According to Chapter 4, Goldman-Sachs was the dominant index cornering about how much of the speculation market?
(a) One-third.
(b) One-half.
(c) Two-thirds.
(d) Three-fourths.

Short Answer Questions

1. Where was John McCain born?

2. In 1991, Goldman-Sachs bought up a commodities trading company called ________.

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

4. Where was Scott Brown born?

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

(see the answer key)

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