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This quiz consists of 5 multiple choice and 5 short answer questions through Chapters 2-3.

Multiple Choice Questions

1. For what company did Michael Lewis begin working after earning his Masters degree in Economics?
(a) Aames Financial.
(b) Citigroup.
(c) Oppenheimer and Co.
(d) Salomon Brothers.

2. What was Michael Lewis' first book?
(a) Liar's Poker.
(b) Digital Money.
(c) Trade or Die.
(d) Stock Junkies.

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) CDSs.
(c) CDOs.
(d) ISDAs.

4. Where did Michael Burry begin cataloging his investments and their results, which drew interest from Wall Street brokers without Burry's knowledge?
(a) A newspaper.
(b) A magazine.
(c) A library.
(d) A blog.

5. What did Michael Burry study in college?
(a) Medicine.
(b) Engineering.
(c) Law.
(d) History.

Short Answer Questions

1. When was Michael Lewis born?

2. Michael Burry could not bet against mortgage bonds in the same way he could other bonds because he could not short houses, only what?

3. Who began taking the bottom tranches of their mortgage bonds and packaging them together to create CDOs in Chapter 3?

4. Meredith Whitney was an analyst of financial firms for what company in 2007?

5. Michael Burry worked as a resident in what field in Chapter 2?

(see the answer key)

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