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This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. During his economic studies, Alan Greenspan worked under Eugene Banks, a managing director at what Wall Street investment bank?
(a) Simon & Schuster.
(b) Solomon Edwards.
(c) Brown Brothers Harriman.
(d) Deutche Bank.

2. According to the author, many loans were _____ meaning there was no documentation that confirmed their qualifications for the loans.
(a) "On spec."
(b) "No trans."
(c) "No doc."
(d) "Insecure."

3. In what year was Sarah Palin a candidate for Vice President of the United States?
(a) 2004.
(b) 2002.
(c) 2005.
(d) 2008.

4. In Chapter 1, there was exhaustion because the campaign had been how long?
(a) 18 months.
(b) 6 months.
(c) 8 months.
(d) 12 months.

5. When was Ronald Reagan born?
(a) 1925.
(b) 1919.
(c) 1930.
(d) 1911.

6. When was The Fountainhead published?
(a) 1941.
(b) 1954.
(c) 1943.
(d) 1967.

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

8. What does AIG stand for?
(a) Atlanta International Group.
(b) American Industrial Group.
(c) American Independent Group.
(d) American International Group.

9. The fundamental belief of what philosophy is that self-interest is a normal human state and interventionism by the government is unnatural and evil?
(a) Absurdism.
(b) Objectivism.
(c) Subjectivism.
(d) Pluralism.

10. In Chapter 3, what fee did companies that would attach a borrower's name to the credit score of another person who was more credit worthy charge?
(a) $500.
(b) $1,000.
(c) $1,300.
(d) $3,000.

11. Alan Greenspan was born in what area of New York City?
(a) Washington Heights.
(b) The Upper East Side.
(c) Astoria, Queens.
(d) Greenwich Village.

12. When did Lehman Brothers declare bankruptcy?
(a) September, 2008.
(b) October, 2008.
(c) September 2009.
(d) November, 2007.

13. What refers to trade in high volumes at prices that are considerably at variance with intrinsic values?
(a) Socialism.
(b) Bubble economy.
(c) Free-market economics.
(d) Capitalism.

14. Since 2002, Deutsche Bank's Chief Executive Officer and Chairman of the Group Executive Committee has been __________.
(a) Jan Leys.
(b) Michel Slosovik.
(c) Josef Ackermann.
(d) Joel Hosey.

15. When was Griftopia: A Story of Bankers, Politicians, and the Most Audacious Power Grab in American History published?
(a) September, 2011.
(b) October, 2009.
(c) September, 2008.
(d) December, 2009.

Short Answer Questions

1. Of what descent was Alan Greenspan's father?

2. What refers to a form of government in which engineers, scientists, health professionals, and other technical experts are in control of decision making in their respective fields?

3. Where are the headquarters of Deutsche Bank?

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

5. What is a public company that provides analytics and decision making services intended to help financial services companies make complex, high-volume decisions?

(see the answer keys)

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