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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 1: The Grifter Archipelago; or, Why the Tea Party Doesn't Matter.

Multiple Choice Questions

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

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

3. What refers to a financial market where participants can issue new debt, known as the Primary market, or buy and sell debt securities, known as the Secondary market, usually in the form of bonds?
(a) Bond market.
(b) Stock market.
(c) Derivatives market.
(d) Speculative market.

4. With what Tea Party member did Matt Taibbi travel around Nevada in Chapter 1?
(a) James Williams.
(b) Michele Bachmann.
(c) Bill Parsons.
(d) Sarah Palin.

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

Short Answer Questions

1. The Tea Party got its name from what CNBC economic analyst?

2. The Bear Stearns Companies, Inc. was based in what US city?

3. When was Griftopia: A Story of Bankers, Politicians, and the Most Audacious Power Grab in American History published?

4. What refers to the part of the capital markets that deals with the issuance of new securities?

5. When did Lehman Brothers declare bankruptcy?

(see the answer key)

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