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This quiz consists of 5 multiple choice and 5 short answer questions through Prologue and Chapter 1.

Multiple Choice Questions

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

2. Where did Michael Lewis grow up?
(a) Phoenix, Arizona.
(b) Dallas, Texas.
(c) New Orleans, Louisiana.
(d) Denver, Colorado.

3. What mortgage lender did an Oppenheimer banker obtain information on from Steve Eisman in Chapter 1?
(a) Bear Stearns.
(b) Citigroup.
(c) Gotham Capital.
(d) Aames Financial.

4. In finance, what occurs when a debtor has not met his or her legal obligations according to the debt contract?
(a) Forclosure.
(b) Repossesion.
(c) Default.
(d) Refinancing.

5. What is often referred to as a form of insurance that protects a lender if a borrower of capital defaults on a loan?
(a) Collateral debt obligation.
(b) Tranches.
(c) FICO Scores.
(d) Credit default swap.

Short Answer Questions

1. Steve Eisman got his job with Oppenheimer and Co. through whom?

2. What are divisions of mortgage bonds in which the mortgage bonds are divided into pieces?

3. What had Steve Eisman studied in college?

4. Where did Michael Lewis earn his Masters degree in Economics?

5. When was Michael Lewis born?

(see the answer key)

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