View a FREE sample

This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

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

2. 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) $1,000.
(b) $3,000.
(c) $500.
(d) $1,300.

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

4. What refers to the part of the capital markets that deals with the issuance of new securities?
(a) Primary market.
(b) Derivatives market.
(c) Speculative market.
(d) Secondary market.

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

Short Answer Questions

1. Eljon Williams contacted what firm to help him get a home loan with a fixed mortgage?

2. Eljon Williams and his wife were shocked when their mortgage went up over how much from one month to the next in Chapter 3?

3. What refers to a numerical expression based on a statistical analysis of a person's credit files that represents the creditworthiness of that person?

4. From 1948 to 1953, Alan Greenspan worked as an economic analyst at what business and industry oriented think-tank in New York City?

5. Where did Alan Greenspan earn a B.S. degree in economics summa cum laude?

Short Essay Questions

1. Describe the different tranches of subprime loans discussed in Chapter 3. What were the differences between the tranches?

2. How does the Tea Party mislead its followers from the true enemy, according to the author?

3. As described in Chapter 2, what was Alan Greenspan's focus in controlling the United States economy?

4. Who was Eljon Williams and how did he become involved in a mortgage scam as described in Chapter 3?

5. How does the author relate Alan Greenspan's methods with those of a casino?

6. How did Ayn Rand influence Alan Greenspan, and in effect, American finance?

7. How did the market for subprime loans change between 2002 and 2005?

8. What does Taibbi assert to be the fundamental problem the the Tea Party's approach?

9. How did Matt Taibbi feel about the Presidential campaign in Chapter 1? What events were unforeseen at this point in history?

10. What is the fundamental belief of objectivism, as described in Chapter 2?

(see the answer keys)

This section contains 932 words (approx. 4 pages at 300 words per page) View a FREE sample