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This quiz consists of 5 multiple choice and 5 short answer questions through Chapters 8-9.

Multiple Choice Questions

1. What Chinese national who came in second in a math competition in China accompanied Greg Lippmann in Chapter 3?
(a) Michael Oher.
(b) Steve Eisman.
(c) Meredith Whitney.
(d) Euguene Xu.

2. What is a legal document that institutions and businesses use to describe the securities they are offering for participants and buyers?
(a) Contract.
(b) Terms of Service.
(c) Syllabus.
(d) Prospectus.

3. How much money did Charlie Ledley and Jamie Mai make from their first major investment in a company with legal trouble in Chapter 5?
(a) Over $5 million.
(b) Over $1 million.
(c) Over $500,000.
(d) Over $3 million.

4. Who thought that if AIG stopped buying the bonds, the subprime mortgage bond market would collapse, making him a fortune in Chapter 3?
(a) Michael Lewis.
(b) Meredith Whitney.
(c) Greg Lippman.
(d) Euguene Xu.

5. How much money did Howie Hubler owe Deutsche Bank on the CDOs purchased from Hubler in Chapter 9?
(a) $750 million.
(b) $1.2 billion.
(c) $650 million.
(d) $900 million.

Short Answer Questions

1. Gene Park worked in offices where in Chapter 4?

2. During their research, Ledley and Mai discovered that many CDOs were comprised of triple-B rated mortgages being sold as what?

3. Cornwall Capital Management began quickly selling their CDOs in Chapter 9 because they were suddenly concerned with whose ability to pay?

4. Who wrote the book "The Greatest Trade Ever: How John Paulson Bet Against The Markets and Made $20 Billion"?

5. With Ben Hockett's help, Cornwall received a contract which allowed them to buy what?

(see the answer key)

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