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

Multiple Choice Questions

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

2. Where did Alan Greenspan study clarinet from 1943 to 1944?
(a) The Juilliard School.
(b) Harvard University.
(c) New York University.
(d) Boston College.

3. Where was Ayn Rand born?
(a) Saint Petersburg, Russia.
(b) New York, New York.
(c) New Brunswick, Canada.
(d) Alberta, Canada.

4. According to the author, in his years of power, Alan Greenspan was able to turn the Federal Reserve into what?
(a) A bail-out mechanism for the ultra-rich.
(b) A place of integrity and fairness.
(c) An establishment for the poor.
(d) A Socialist mechanism.

5. 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?
(a) Credit default swap.
(b) Derivatives.
(c) Free trade.
(d) Tranch default swap.

6. Alan Greenspan recommended the Reagan era increase in Social Security tax, and the rate went from 9.35% to ___________.
(a) 13.9%.
(b) 20.1%.
(c) 15.3%.
(d) 12.5%.

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

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

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

10. In Atlas Shrugged, a group of men break off on their own and form __________.
(a) A Communist society.
(b) A Socialist society.
(c) A free-market society.
(d) A dystopian society.

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

12. Who is the protagonist of The Fountainhead?
(a) Sarah Anderson.
(b) John Gatsby.
(c) Howard Roark.
(d) Dagny Taggart.

13. Richard Nixon had capitalized on the "forgotten Americans." The push to gain these voters was known as________.
(a) The "southern strategy."
(b) The Tea Party.
(c) The "silent strategy."
(d) The "southern cooperative."

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

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

Short Answer Questions

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

2. Eljon Williams learned that the firm which helped him obtain a mortgage had gotten a commission of how much money?

3. In what year did Alan Greenspan tell Congress that the risk involved in derivatives was "negligible"?

4. With what Tea Party member did Matt Taibbi travel around Nevada in Chapter 1?

5. Ronald Reagan was the thirty-third governor of what state?

(see the answer keys)

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