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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. In 1991, Goldman-Sachs bought up a commodities trading company called ________.
(a) Solomon Edwards.
(b) J. Aron.
(c) Wachovia.
(d) Chase Bank.

2. What are created when banks split their mortgage loan payments into three levels and sell them in separate packages?
(a) Collectives.
(b) Tranch blocks.
(c) Incidentals.
(d) Derivatives.

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

4. Eljon Williams contacted what firm to help him get a home loan with a fixed mortgage?
(a) Solomon Edwards.
(b) Merrill Lynch.
(c) Goldman-Sachs.
(d) Wachovia.

5. Who appointed Alan Greenspan as the Federal Reserve chairman?
(a) Ronald Reagan.
(b) George H. Bush.
(c) George W. Bush.
(d) Bill Clinton.

Short Answer Questions

1. Where are the headquarters of Deutsche Bank?

2. Barack Obama taught constitutional law at what university?

3. From 1948 to 1953, Alan Greenspan worked as an economic analyst at what business and industry oriented think-tank in New York City?

4. Since 2002, Deutsche Bank's Chief Executive Officer and Chairman of the Group Executive Committee has been __________.

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

(see the answer key)

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