Name: _________________________ | Period: ___________________ |
This quiz consists of 5 multiple choice and 5 short answer questions through Prologue and Chapter 1.
Multiple Choice Questions
1. What refers to a cumulative number that suggests a consumer's credit risk?
(a) Collateral debt obligation.
(b) Credit default swap.
(c) FICO Score.
(d) Tranches.
2. Where did Michael Lewis earn his Masters degree in Economics?
(a) The New York School of Economics.
(b) The Chicago School of Economics.
(c) The Paris School of Economics.
(d) The London School of Economics.
3. When was Michael Lewis' first book published?
(a) 1989.
(b) 1979.
(c) 1985.
(d) 1983.
4. Steve Eisman discovered that what company was fraudulently selling fifteen year mortgages under the guise of thirty year mortgages?
(a) Household Finance Corporation.
(b) Gotham Capital.
(c) Salomon Brothers.
(d) The Fitch Group.
5. When did Steve Eisman publish a report outlining the bad practices of the subprime mortgage lender in Chapter 1?
(a) 1988.
(b) 1997.
(c) 1990.
(d) 1994.
Short Answer Questions
1. After Eisman's published report, there were no more public subprime mortgage lenders by what year, as described in Chapter 1?
2. What refers to loans made to customers with less than perfect credit?
3. What are divisions of mortgage bonds in which the mortgage bonds are divided into pieces?
4. Steve Eisman got his job with Oppenheimer and Co. through whom?
5. 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?
This section contains 213 words (approx. 1 page at 300 words per page) |