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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 3: Hot Potato, The Great American Mortgage Scam.

Multiple Choice Questions

1. What does NINJA stand for in the mortgage industry?
(a) No income, job, or assets.
(b) No income, job, or allocations.
(c) No incidental job or abilities.
(d) No indictments, job, or allimony.

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

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) Speculative market.
(c) Stock market.
(d) Derivatives market.

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

5. AIG was listed on the Dow Jones Industrial Average from _________ to September 22, 2008.
(a) April 8, 2004.
(b) March 12, 2008.
(c) September 19, 2005.
(d) August 5, 2003.

Short Answer Questions

1. What refers to a market for securities (debt or equity), where business enterprises and governments can raise long-term funds?

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

3. During what years was Ronald Reagan President of the United States?

4. The investment bank division of Deutsche Bank is head-quartered where?

5. Alan Greenspan served as Chairman of the Federal Reserve of the United States during what years?

(see the answer key)

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