Griftopia: A Story of Bankers, Politicians, and the Most Audacious Power Grab in American History Test | Final Test - Easy

Matt Taibbi
This set of Lesson Plans consists of approximately 129 pages of tests, essay questions, lessons, and other teaching materials.

Griftopia: A Story of Bankers, Politicians, and the Most Audacious Power Grab in American History Test | Final Test - Easy

Matt Taibbi
This set of Lesson Plans consists of approximately 129 pages of tests, essay questions, lessons, and other teaching materials.
Buy the Griftopia: A Story of Bankers, Politicians, and the Most Audacious Power Grab in American History Lesson Plans
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This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. During which President's administration did the head of the Commodity Futures Trading Commission allow Wall Street speculation to be recognized as "bona fide hedging"?
(a) George W. Bush.
(b) Barack Obama.
(c) George H. Bush.
(d) Bill Clinton.

2. What political party is Nancy Pelosi a member of?
(a) Green.
(b) Republican.
(c) Democratic.
(d) Communist.

3. When did John McCain marry Carol Shepp?
(a) 1985.
(b) 1965.
(c) 1948.
(d) 1975.

4. Nancy Pelosi is the Minority Leader of ______________.
(a) The United States House of Representatives.
(b) The United States Supreme Court.
(c) The United States Senate.
(d) The United States House of State.

5. What does the CFTC stand for?
(a) The Commodity Futures Trading Commission.
(b) The Capitalist Futures Commission.
(c) The Community Finance Trading Commission.
(d) The Congressional Finance Trust Commission.

6. What does OPEC stand for?
(a) The Organization of Phonetic Electrical Companies.
(b) The Organization of Petroleum Energy Corporations.
(c) The Organization of the Petroleum Exporting Countries.
(d) The Organization of Pacific Executive Countries.

7. Oil prices spiked to how much a barrel in 2008?
(a) $200.
(b) $110.
(c) $149.
(d) $120.

8. What occupation did Barack Obama have before earning his law degree?
(a) Community organizer.
(b) College professor.
(c) Civic engineer.
(d) High school teacher.

9. The author was astonished to learn that a port in what state was on the block for sale?
(a) New York.
(b) Maine.
(c) Virginia.
(d) California.

10. Where was Robert Lukens being hit with gas expenses that were suddenly doubling, as described in Chapter 4?
(a) Westchester, NY.
(b) Reading, PA.
(c) Sacramento, CA.
(d) New York, NY.

11. When was Barack Obama inaugurated as President of the United States?
(a) January 20, 2009.
(b) September 20, 2008.
(c) November 15, 2008.
(d) January, 1, 2009.

12. Who had to withdraw from a summer calculus class in San Francisco because he couldn't afford the gas for the commute?
(a) Peter Carillo.
(b) Robert Lukens.
(c) Sam Serenda.
(d) Leroy Marcus.

13. A new investment vehicle called index speculation was comprised of two main indices which were the Goldman-Sachs Commodity Index and ____________.
(a) The FICA Commodity Index.
(b) The Dow Jones-AIG Commodity Index.
(c) The Dow Jones-NASDAQ Commodity Index.
(d) The NASDAQ-AIG Commodity Index.

14. Barack Obama led a close campaign in the 2008 Democratic Party presidential primaries against whom?
(a) George W. Bush.
(b) Sarah Palin.
(c) Hillary Clinton.
(d) John McCain.

15. 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) Sam Serenda.
(b) Robert Lukens.
(c) Priscilla Carillo.
(d) Leroy Marcus.

Short Answer Questions

1. Barack Obama previously served as a United States Senator from what state?

2. The Commodity Exchange Act was established under whose administration?

3. The Prudent Man Rule was last revised in what year?

4. What is an independent self-regulatory organization and watchdog of the commodities and futures industry in the United States?

5. What refers to the partial or complete prohibition of commerce and trade with a particular country, in order to isolate it?

(see the answer keys)

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