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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. What refers to an entity that provides services for stock brokers and traders to trade stocks, bonds, and other securities?
(a) Treasury market.
(b) Stock exchange.
(c) Bond market.
(d) Federal Reserve.

2. The Commodity Exchange Act was established under whose administration?
(a) Theodore Roosevelt.
(b) Gerald Ford.
(c) Franklin D. Roosevelt.
(d) Dwight Eisenhower.

3. The loans on the bottom tier of derivatives were referred to as what?
(a) Toxic waste.
(b) Top notch.
(c) Bottom feeders.
(d) AAA.

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

5. In international relations, what refers to a re-establishment of cordial relations, as between two countries?
(a) Encroachment.
(b) Rapprochement.
(c) Breach of Contract.
(d) Reinactment.

Short Answer Questions

1. In Atlas Shrugged, a group of men break off on their own and form __________.

2. By what year had Goldman-Sachs underwritten a massive volume of Internet companies and were manipulating the share prices by spinning, "laddering," and providing illegal insider information to certain investors?

3. The author was astonished to learn that a port in what state was on the block for sale?

4. The Prudent Man Rule was last revised in what year?

5. When did the Yom Kippur War end?

(see the answer key)

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