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This quiz consists of 5 multiple choice and 5 short answer questions through Chapters 6-7.

Multiple Choice Questions

1. The woman who stated that her supervisors picked and chose which mortgage bonds would be triple-A rated despite her frequent recommendations that most of them be downgraded worked for what company in Chapter 4?
(a) Wachovia.
(b) Deutsche Bank.
(c) Standard & Poor's.
(d) Moody's Corporation.

2. What does NASD stand for?
(a) National Association of Securities Dealers.
(b) Numerical Assembly of Securities Dealers.
(c) National Assembly of Stock Dealers.
(d) Native Association of Stock Dealers.

3. Through the use of what, was Michael Burry guaranteed to only lose only the amount of the premium payments in Chapter 2?
(a) Tranches.
(b) ISDAs.
(c) CDSs.
(d) CDOs.

4. At what age was Michael Lewis when he was shocked that Wall Street would allow him to buy and sell stocks, as described in the Prologue?
(a) 24.
(b) 18.
(c) 15.
(d) 17.

5. What are divisions of mortgage bonds in which the mortgage bonds are divided into pieces?
(a) Credit default swap.
(b) Collateral debt obligation.
(c) Tranches.
(d) FICO Scores.

Short Answer Questions

1. In 2007, Meredith Whitney announced that what company had so mismanaged its affairs that it would slash its dividend or crash?

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

3. When was Michael Burry born?

4. For what company did Michael Lewis begin working after earning his Masters degree in Economics?

5. What does NYSE stand for?

(see the answer key)

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