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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 6: The Trillion-dollar Band-Aid - Health Care Refor.

Multiple Choice Questions

1. In what year did Alan Greenspan tell Congress that the risk involved in derivatives was "negligible"?
(a) 1994.
(b) 1982.
(c) 1987.
(d) 1990.

2. 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 Federal Reserve.
(c) The Republican Commission for Wealth.
(d) The Democratic Board of Industry.

3. In what year did President Nixon decide to rearm the Israelis, angering the oil-producing Arab states?
(a) 1945.
(b) 1977.
(c) 1978.
(d) 1973.

4. During the Yom Kippur War, Syria and Egypt attacked territories Israel had captured in what war?
(a) The Seven-Day War.
(b) The Six-Day War.
(c) World War II.
(d) The Syrian War.

5. What is an independent self-regulatory organization and watchdog of the commodities and futures industry in the United States?
(a) The Farm Futures Commission.
(b) The Wikileaks Watchdog Corporation.
(c) The Congressional Finance Commission.
(d) The National Futures Association.

Short Answer Questions

1. Where was Ayn Rand born?

2. In December 2008, Chicago Mayor Richard Daley announced that he had leased out the city's parking meters for how long?

3. What are created when banks split their mortgage loan payments into three levels and sell them in separate packages?

4. Since the United States does not have a single-payer health care system, there are over how many health agencies, all of which have different forms and standards?

5. OPEC is an intergovernmental organization of how many developing countries?

(see the answer key)

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