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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 5: The Outsourced Highway - Wealth Funds.

Multiple Choice Questions

1. Since 2002, Deutsche Bank's Chief Executive Officer and Chairman of the Group Executive Committee has been __________.
(a) Joel Hosey.
(b) Jan Leys.
(c) Michel Slosovik.
(d) Josef Ackermann.

2. In 2008, what 24-year-old of San Bernardino, CA, quit school because she suddenly couldn't afford the gas that it took for the daily trip?
(a) Robert Lukens.
(b) Leroy Marcus.
(c) Priscilla Carillo.
(d) Sam Serenda.

3. According to the author, in his years of power, Alan Greenspan was able to turn the Federal Reserve into what?
(a) An establishment for the poor.
(b) A Socialist mechanism.
(c) A place of integrity and fairness.
(d) A bail-out mechanism for the ultra-rich.

4. When did Lehman Brothers declare bankruptcy?
(a) November, 2007.
(b) September, 2008.
(c) September 2009.
(d) October, 2008.

5. 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) Speculative market.
(b) Stock market.
(c) Bond market.
(d) Derivatives market.

Short Answer Questions

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

2. The author was astonished to learn that a port in what state was on the block for sale?

3. A new investment vehicle called index speculation was comprised of two main indices which were the Goldman-Sachs Commodity Index and ____________.

4. What involves an exchange of the defaulted loan instrument (and with it the right to recover the default loan at some later time) for immediate money - usually the face value of the loan?

5. When was Alan Greenspan born?

(see the answer key)

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