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This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. The protagonist of The Fountainhead is in what profession?
(a) Banker.
(b) Architect.
(c) Engineer.
(d) Doctor.

2. Eljon Williams learned that the firm which helped him obtain a mortgage had gotten a commission of how much money?
(a) $12,000.
(b) $8,000.
(c) $10,000.
(d) $5,000.

3. What refers to a numerical expression based on a statistical analysis of a person's credit files that represents the creditworthiness of that person?
(a) Stock portfolio.
(b) Credit score.
(c) Credit annuity.
(d) Stock score.

4. Where was Ayn Rand born?
(a) New Brunswick, Canada.
(b) Saint Petersburg, Russia.
(c) New York, New York.
(d) Alberta, Canada.

5. In what year did Alan Greenspan earn his M.A. degree in economics?
(a) 1965.
(b) 1954.
(c) 1950.
(d) 1970.

6. Who appointed Alan Greenspan as the Federal Reserve chairman?
(a) Bill Clinton.
(b) George H. Bush.
(c) Ronald Reagan.
(d) George W. Bush.

7. What refers to a form of government in which engineers, scientists, health professionals, and other technical experts are in control of decision making in their respective fields?
(a) Plurocracy.
(b) Democracy.
(c) Technocracy.
(d) Socialist democracy.

8. When was Alan Greenspan born?
(a) 1911.
(b) 1953.
(c) 1926.
(d) 1940.

9. In what year was Sarah Palin a candidate for Vice President of the United States?
(a) 2002.
(b) 2005.
(c) 2008.
(d) 2004.

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

11. What are created when banks split their mortgage loan payments into three levels and sell them in separate packages?
(a) Incidentals.
(b) Tranch blocks.
(c) Derivatives.
(d) Collectives.

12. T-Bills mature in what time?
(a) 1 year or less.
(b) 2 years.
(c) 5 years or more.
(d) 10 years or less.

13. What refers to the part of the economy which is run by private individuals or groups, usually as a means of enterprise for profit, and is not controlled by the state?
(a) Public sector.
(b) Private sector.
(c) Education system.
(d) Stock market.

14. Ronald Reagan was the thirty-third governor of what state?
(a) Texas.
(b) Arizona.
(c) California.
(d) Washington.

15. 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) Wall Street Journal.
(b) Rolling Stone.
(c) The New Yorker.
(d) Men's Journal.

Short Answer Questions

1. Where did Alan Greenspan study clarinet from 1943 to 1944?

2. What refers to an entity that provides services for stock brokers and traders to trade stocks, bonds, and other securities?

3. When was Griftopia: A Story of Bankers, Politicians, and the Most Audacious Power Grab in American History published?

4. With what Tea Party member did Matt Taibbi travel around Nevada in Chapter 1?

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

(see the answer keys)

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