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

Multiple Choice Questions

1. An investment corporation needs a contract through what in order to trade in securities that are traditionally only bought and sold between large investing bodies?
(a) USDA.
(b) COMA.
(c) ISDA.
(d) IMDB.

2. Michael Burry lost his left eye due to what as a toddler?
(a) Asperger's Syndrome.
(b) A car accident.
(c) Glaucoma.
(d) Cancer.

3. What are bonds that are made up of mortgages sold to consumers by banks?
(a) Mortgage rate stocks.
(b) Subprime bonds.
(c) Mortgage bonds.
(d) Optimum bonds.

4. In Michael Burry's first credit default swap, what was the rate of each bond purchased?
(a) $10 million.
(b) $3 million.
(c) $1 million.
(d) $7 million.

5. When was Michael Burry born?
(a) 1959.
(b) 1971.
(c) 1963.
(d) 1960.

Short Answer Questions

1. By what year had Steve Eisman gathered a group of investors around himself filled with people who believed as he did that no one on Wall Street knew what they were doing, as described in Chapter 1?

2. On what date did the head of the International Monetary Fund warn that the world financial system was teetering on the "brink of systemic meltdown"?

3. What is the name of the investment group Steve Eisman formed after quitting his job as a bond analyst?

4. Where did Michael Burry begin cataloging his investments and their results, which drew interest from Wall Street brokers without Burry's knowledge?

5. What was Michael Lewis' first book?

(see the answer key)

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