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

Multiple Choice Questions

1. In Chapter 1, there was exhaustion because the campaign had been how long?
(a) 12 months.
(b) 18 months.
(c) 6 months.
(d) 8 months.

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

3. Of what political party was Ronald Reagan a member?
(a) Democrat.
(b) Republican.
(c) Green Party.
(d) Tea Party.

4. In Chapter 3, what process in which loans are split up and sold off to secondary investors as securities was used by banks?
(a) Derivatives.
(b) Amortization.
(c) Securitization.
(d) Authorization.

5. When did Alan Greenspan earn his doctorate in economics?
(a) 1959.
(b) 1970.
(c) 1982.
(d) 1977.

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

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

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

9. When was The Fountainhead published?
(a) 1967.
(b) 1941.
(c) 1943.
(d) 1954.

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

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

12. What refers to a market for securities (debt or equity), where business enterprises and governments can raise long-term funds?
(a) Subsidy market.
(b) Derivatives market.
(c) Bond market.
(d) Capital market.

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) Education system.
(c) Stock market.
(d) Private sector.

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

15. 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. In Atlas Shrugged, a group of men break off on their own and form __________.

2. According to the author, many loans were _____ meaning there was no documentation that confirmed their qualifications for the loans.

3. What refers to a public entity for the trading of company stock and derivatives at an agreed price?

4. Since 2002, Deutsche Bank's Chief Executive Officer and Chairman of the Group Executive Committee has been __________.

5. When did Lehman Brothers declare bankruptcy?

(see the answer keys)

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