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

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

3. What refers to a fraudulent investment operation that pays returns to its investors from their own money or the money paid by subsequent investors, rather than from any actual profit earned by the individual or organization running the operation?
(a) Subsidized market.
(b) Unsubsidized loans.
(c) Ponzi scheme.
(d) Derivitaves market.

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

5. For what magazine was Matt Taibbi working as a reporter when he describes having listened to the acceptance speech of Sarah Palin in Chapter 1?
(a) Rolling Stone.
(b) Men's Journal.
(c) Wall Street Journal.
(d) The New Yorker.

Short Answer Questions

1. The Tea Party movement is an American populist political movement that has sponsored protests and supported political candidates since what year?

2. Before declaring bankruptcy, Lehman Brothers Holdings Inc. was ranked as the _________ largest investment bank in the United States.

3. What refers to trade in high volumes at prices that are considerably at variance with intrinsic values?

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

5. Richard Nixon had capitalized on the "forgotten Americans." The push to gain these voters was known as________.

(see the answer key)

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