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

Multiple Choice Questions

1. 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) Rolling Stone.
(b) Wall Street Journal.
(c) The New Yorker.
(d) Men's Journal.

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

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

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

5. From 1948 to 1953, Alan Greenspan worked as an economic analyst at what business and industry oriented think-tank in New York City?
(a) The National Industrial Conference Board.
(b) The Republican Commission for Wealth.
(c) The Democratic Board of Industry.
(d) The Federal Reserve.

6. The protagonist of The Fountainhead is in what profession?
(a) Architect.
(b) Banker.
(c) Engineer.
(d) Doctor.

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

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

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

10. Alongside what Presidential nominee did Sarah Palin run as Vice President of the United States?
(a) George W. Bush.
(b) Barack Obama.
(c) Hillary Clinton.
(d) John McCain.

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

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

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

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

15. Of what descent was Alan Greenspan's father?
(a) Russian-Jewish.
(b) Middle Eastern.
(c) Romanian-Jewish.
(d) Hungarian-Jewish.

Short Answer Questions

1. Who was Vice President to Richard Nixon?

2. The Tea Party movement is an American populist political movement that has sponsored protests and supported political candidates since what year?

3. According to the author, what philosophy translates to "My facts are facts and your facts are not facts"?

4. For what political party was Sarah Palin the nominee for Vice President of the United States?

5. In Chapter 1, there was exhaustion because the campaign had been how long?

(see the answer keys)

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