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

2. In December 2008, Chicago Mayor Richard Daley announced that he had leased out the city's parking meters for how long?
(a) 75 years.
(b) 25 years.
(c) 50 years.
(d) 30 years.

3. The investment bank division of Deutsche Bank is head-quartered where?
(a) London, England.
(b) Washington, D.C.
(c) Chicago, Illinois.
(d) New York, New York.

4. 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) Stock portfolio.
(b) Derivatives fund.
(c) Credit fund.
(d) Hedge fund.

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

Short Answer 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?

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

3. Where did Alan Greenspan study clarinet from 1943 to 1944?

4. According to the author, __________ and other investment banks were responsible for driving up the price of oil through the commodities speculation market.

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

(see the answer key)

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