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

Multiple Choice Questions

1. 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) Pluralism.
(b) Objectivism.
(c) Subjectivism.
(d) Absurdism.

2. What does NINJA stand for in the mortgage industry?
(a) No income, job, or allocations.
(b) No incidental job or abilities.
(c) No income, job, or assets.
(d) No indictments, job, or allimony.

3. The Tea Party got its name from what CNBC economic analyst?
(a) Ted Coppell.
(b) John Anderson.
(c) Rick Santelli.
(d) Anderson Cooper.

4. According to the author, what philosophy translates to "My facts are facts and your facts are not facts"?
(a) "Republican realism."
(b) "Consumerism."
(c) "Objective reality."
(d) "Capitalism."

5. What was the name of Ayn Rand's circle of intellectuals which was dedicated to relentless self-interest?
(a) "The Caravan."
(b) "The Circle."
(c) "The Collective."
(d) "The Vicious Circle."

6. During what years was Ronald Reagan President of the United States?
(a) 1981-1989.
(b) 1971-1978.
(c) 1982-1990.
(d) 1979-1985.

7. 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) $3,000.
(c) $1,300.
(d) $1,000.

8. Before declaring bankruptcy, Lehman Brothers Holdings Inc. was ranked as the _________ largest investment bank in the United States.
(a) Third.
(b) Second.
(c) First.
(d) Fourth.

9. For what magazine was Matt Taibbi working as a reporter when he describes having listened to the acceptance speech of Sarah Palin in Chapter 1?
(a) Wall Street Journal.
(b) Men's Journal.
(c) Rolling Stone.
(d) The New Yorker.

10. Who is the protagonist of Atlas Shrugged?
(a) Howard Roark.
(b) Dagny Taggart.
(c) James Edwards.
(d) Michael Williams.

11. Eljon Williams learned that the firm which helped him obtain a mortgage had gotten a commission of how much money?
(a) $10,000.
(b) $12,000.
(c) $8,000.
(d) $5,000.

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

13. Where are the headquarters of Deutsche Bank?
(a) Bern, Switzerland.
(b) Oslo, Norway.
(c) Amsterdam, Netherlands.
(d) Frankfurt, Germany.

14. For what political party was Sarah Palin the nominee for Vice President of the United States?
(a) Green Party.
(b) Democrat.
(c) Tea Party.
(d) Republican.

15. T-Bills mature in what time?
(a) 2 years.
(b) 1 year or less.
(c) 10 years or less.
(d) 5 years or more.

Short Answer Questions

1. The investment bank division of Deutsche Bank is head-quartered where?

2. The protagonist of The Fountainhead is in what profession?

3. When was Alan Greenspan born?

4. When was Atlas Shrugged published?

5. Alan Greenspan recommended the Reagan era increase in Social Security tax, and the rate went from 9.35% to ___________.

(see the answer keys)

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