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

2. What had Steve Eisman studied in college?
(a) Art history.
(b) International trade.
(c) Corporate law.
(d) South American history.

3. 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?
(a) 1999.
(b) 2007.
(c) 2005.
(d) 2001.

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

5. When was Michael Lewis' first book published?
(a) 1979.
(b) 1983.
(c) 1989.
(d) 1985.

Short Answer Questions

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

2. With whose assistance did Steve Eisman publish a report outlining the bad practices of the subprime mortgage lender in Chapter 1?

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

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

5. In what year did Steve Eisman stop working as an analyst and start his own hedge fund?

(see the answer key)

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