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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. Richard Nixon was President of the United States during what years?
(a) 1964-1971.
(b) 1969-1974.
(c) 1991-1998.
(d) 1971-1982.

2. When was Atlas Shrugged published?
(a) 1948.
(b) 1957.
(c) 1940.
(d) 1968.

3. Eljon Williams had what profession?
(a) Pianist.
(b) Banker.
(c) Sanitation worker.
(d) Sheriff's deputy.

4. According to the author in Chapter 4: Blowout - The Commodities Bubble, speculators took over the commodities market and by 2008, what percent of commodity exchanges was speculative?
(a) 25.
(b) 70.
(c) 80.
(d) 50.

5. According to the author, the correlation between decreasing taxes and rising prices from ________ should not go unnoticed.
(a) The commodities bubble.
(b) The services bubble.
(c) The derivatives market.
(d) The rise of Socialism.

Short Answer Questions

1. The Prudent Man Rule is based on common law stemming from what Massachusetts court decision?

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

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

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

5. 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?

(see the answer key)

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