View a FREE sample

This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

1. By 2005, there was over how much money in subprime loans approved?
(a) $800 billion.
(b) $500 billion.
(c) $600 billion.
(d) $300 million.

2. Where did Alan Greenspan study clarinet from 1943 to 1944?
(a) Harvard University.
(b) New York University.
(c) Boston College.
(d) The Juilliard School.

3. From 1948 to 1953, Alan Greenspan worked as an economic analyst at what business and industry oriented think-tank in New York City?
(a) The National Industrial Conference Board.
(b) The Federal Reserve.
(c) The Democratic Board of Industry.
(d) The Republican Commission for Wealth.

4. In what year did Alan Greenspan tell Congress that the risk involved in derivatives was "negligible"?
(a) 1994.
(b) 1987.
(c) 1982.
(d) 1990.

5. Where did Alan Greenspan earn a B.S. degree in economics summa cum laude?
(a) Princeton University.
(b) Harvard University.
(c) Yale University.
(d) New York University.

Short Answer Questions

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

2. T-Bills mature in what time?

3. When was Alan Greenspan born?

4. What refers to a fraudulent investment operation that pays returns to its investors from their own money or the money paid by subsequent investors, rather than from any actual profit earned by the individual or organization running the operation?

5. In what year did Alan Greenspan earn his M.A. degree in economics?

Short Essay Questions

1. How does the author relate Alan Greenspan's methods with those of a casino?

2. What does Taibbi write of his thoughts on Sarah Palin in Chapter 1?

3. What campaign strategy of Richard Nixon's does Taibbi describe in Chapter 1?

4. How did the public and private sectors evolve and change during Alan Greenspan's reign of the Federal Reserve, as described in Chapter 2?

5. What does Taibbi remark about the Tea Party's obsession with the past?

6. How did Matt Taibbi feel about the Presidential campaign in Chapter 1? What events were unforeseen at this point in history?

7. What truth of American politics does Taibbi assert in Chapter 1?

8. What process did banks undertake in order to sells risky loans, as described in Chapter 3?

9. With what Tea Party member did Taibbi travel? What did he discover about the Republican candidates' issues?

10. Describe the different tranches of subprime loans discussed in Chapter 3. What were the differences between the tranches?

(see the answer keys)

This section contains 917 words (approx. 4 pages at 300 words per page) View a FREE sample