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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 Albatross.
(b) The X.
(c) The eXile.
(d) The Amateur.

2. When did the Great Crash take place on Wall Street, leading to the Great Depression?
(a) October, 1929.
(b) October, 1960.
(c) November, 1912.
(d) September, 1945.

3. In what year did Alan Greenspan tell Congress that the risk involved in derivatives was "negligible"?
(a) 1994.
(b) 1982.
(c) 1987.
(d) 1990.

4. What does SEC stand for?
(a) Securities Error Corporation.
(b) Static Electrical Commission.
(c) Securities and Enterprize Commission.
(d) Securities and Exchange Commission.

5. Five years prior to the moment Priscilla Carillo started living in her car, the commodity indices rose from $13 billion to what amount?
(a) $893 billion.
(b) $200 billion.
(c) $143 billion.
(d) $317 billion.

Short Answer Questions

1. Scott Brown succeeded what United States Senator?

2. What involves an exchange of the defaulted loan instrument (and with it the right to recover the default loan at some later time) for immediate money - usually the face value of the loan?

3. The Commodity Exchange Act replaced what earlier act from 1922?

4. When was Ronald Reagan born?

5. How long did the Great Depression last?

(see the answer key)

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