Stuff to Know Flashcards
When was the fall of the Berlin Wall?
November 9, 1989
What is a credit default swap?
A contract in which a lender purchases protection from another party against losses from the default of a borrower.
What is regulatory capture?
When a regulator is co-opted to serve the interests of the group they are meant to regulate rather than the general public.
What are derivatives?
Contracts that derive their value from the performance of an underlying entity like a stock or commodity. Examples include options and credit default swaps.
Who is the leader of the Oath Keepers?
Stewart Rhodes
Who was the leader of the Soviet Union when the Berlin Wall fell?
Mikhail Gorbachev
Who did George H. W. Bush defeat in the 1988 presidential election?
Michael Dukakis
In what year did Iraq invade Iran?
1980
In what year did Iraq invade Kuwait?
1990
What was the stated goal of the Gulf War?
To liberate Kuwait from Iraq.
What were the years of the Gulf War?
1990-1991
In what country did members of the Hutu tribe massacre more than half a million of their rivals, the Tutsis?
Rwanda
In what year was the Rwandan genocide?
1994
What is arbitrage?
The strategy of taking advantage of price differences in different markets for the same asset.
What is a gerund?
A form that is derived from a verb but that functions as a noun, in English ending in -ing. Running in “running is fun” for example.
