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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 7: The Great American Bubble Machine.

Multiple Choice Questions

1. During which President's administration did the head of the Commodity Futures Trading Commission allow Wall Street speculation to be recognized as "bona fide hedging"?
(a) George W. Bush.
(b) Barack Obama.
(c) Bill Clinton.
(d) George H. Bush.

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

3. T-Bills mature in what time?
(a) 2 years.
(b) 1 year or less.
(c) 10 years or less.
(d) 5 years or more.

4. The author was astonished to learn that a port in what state was on the block for sale?
(a) California.
(b) New York.
(c) Virginia.
(d) Maine.

5. Matt Taibbi's reporting indicates that Goldman-Sachs was not a company of geniuses, but a company of _______.
(a) Competitive intellectuals.
(b) Saints.
(c) Criminals.
(d) Intellectual giants.

Short Answer Questions

1. Where did Matt Taibbi hear Sarah Palin's acceptance speech in Chapter 1?

2. The Internet bubble was one of the worst financial disasters of all time where _________ was lost on the NASDAQ alone?

3. According to the author in Chapter 4: Blowout - The Commodities Bubble, speculators took over the commodities market and by 2008, what percent of commodity exchanges was speculative?

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

5. Richard Nixon had capitalized on the "forgotten Americans." The push to gain these voters was known as________.

(see the answer key)

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