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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 a Moscow-based English-language biweekly free tabloid newspaper, aimed at the city's expatriate community, which combined outrageous, sometimes satirical, content with investigative reporting?
(a) The Amateur.
(b) The eXile.
(c) The Albatross.
(d) The X.

2. Of what political party was Ronald Reagan a member?
(a) Republican.
(b) Green Party.
(c) Democrat.
(d) Tea Party.

3. By 2005, there was over how much money in subprime loans approved?
(a) $500 billion.
(b) $300 million.
(c) $600 billion.
(d) $800 billion.

4. What do T-Bills refer to?
(a) Tendered bills.
(b) Tranche bills.
(c) Trade bills.
(d) Treasury bills.

5. According to the author, the top one percent of Americans own almost what percent of the wealth?
(a) 60.
(b) 40.
(c) 20.
(d) 30.

Short Answer Questions

1. With what Tea Party member did Matt Taibbi travel around Nevada in Chapter 1?

2. According to the author, in his years of power, Alan Greenspan was able to turn the Federal Reserve into what?

3. What refers to the part of the economy which is run by private individuals or groups, usually as a means of enterprise for profit, and is not controlled by the state?

4. When was Henry Kissinger born?

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

(see the answer key)

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