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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. In finance, what occurs whenever the loan payment for any period is less than the interest charged over that period so that the outstanding balance of the loan increases?
(a) Negative amortization.
(b) Negative securitization.
(c) Inverted amortization.
(d) Positive securitization.

2. The investment bank division of Deutsche Bank is head-quartered where?
(a) Chicago, Illinois.
(b) London, England.
(c) New York, New York.
(d) Washington, D.C.

3. What do T-Bills refer to?
(a) Treasury bills.
(b) Tranche bills.
(c) Tendered bills.
(d) Trade bills.

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

5. What was the name of Ayn Rand's circle of intellectuals which was dedicated to relentless self-interest?
(a) "The Caravan."
(b) "The Circle."
(c) "The Vicious Circle."
(d) "The Collective."

Short Answer Questions

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

2. What is a public company that provides analytics and decision making services intended to help financial services companies make complex, high-volume decisions?

3. What refers to the idea of a society in a repressive and controlled state, often under the guise of being Utopian?

4. The loans on the bottom tier of derivatives were referred to as what?

5. In what year did Alan Greenspan tell Congress that the risk involved in derivatives was "negligible"?

(see the answer key)

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