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

Multiple Choice Questions

1. What refers to a public entity for the trading of company stock and derivatives at an agreed price?
(a) Stock market.
(b) Treasury market.
(c) Capital market.
(d) Bond market.

2. What are created when banks split their mortgage loan payments into three levels and sell them in separate packages?
(a) Tranch blocks.
(b) Incidentals.
(c) Collectives.
(d) Derivatives.

3. When was Ayn Rand born?
(a) 1915.
(b) 1925.
(c) 1930.
(d) 1905.

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

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

Short Answer Questions

1. AIG was listed on the Dow Jones Industrial Average from _________ to September 22, 2008.

2. Since 2002, Deutsche Bank's Chief Executive Officer and Chairman of the Group Executive Committee has been __________.

3. What is a private, actively managed investment fund that utilizes sophisticated strategies in international and/or domestic markets, offsets losses during a market downturn, and/or generates returns higher than traditional stock and bond investments?

4. In Atlas Shrugged, a group of men break off on their own and form __________.

5. According to the author, the Tea Party believes that the economy is self-correcting as long as commerce and _______ are separated.

Short Essay Questions

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

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

3. What campaign strategy of Richard Nixon's does Taibbi describe in Chapter 1?

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

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

6. With what Tea Party member did Taibbi travel? What did he discover about the Republican candidates' issues?

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

8. What did Eljon Williams learn about the commission involved in his mortgage?

9. What does Taibbi assert was at the root of the 2008 financial crisis?

10. Where was Ayn Rand from? How is she described in Chapter 2?

(see the answer keys)

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