View a FREE sample

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

Multiple Choice Questions

1. When was Alan Greenspan born?
(a) 1911.
(b) 1926.
(c) 1940.
(d) 1953.

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

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) Subsidized market.
(b) Derivitaves market.
(c) Ponzi scheme.
(d) Unsubsidized loans.

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

5. Oil prices spiked to how much a barrel in 2008?
(a) $120.
(b) $110.
(c) $149.
(d) $200.

Short Answer Questions

1. When was Barack Obama born?

2. Alan Greenspan served as Chairman of the Federal Reserve of the United States during what years?

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

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 what year was Congress warned in testimony before the House Foreign Affairs Committee about a new world economic order?

(see the answer key)

This section contains 190 words (approx. 1 page at 300 words per page) View a FREE sample