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Name: _________________________ | Period: ___________________ |
This quiz consists of 5 multiple choice and 5 short answer questions through Prologue and Chapter 1.
Multiple Choice Questions
1. Where did Michael Lewis grow up?
(a) Denver, Colorado.
(b) New Orleans, Louisiana.
(c) Phoenix, Arizona.
(d) Dallas, Texas.
2. After Eisman's published report, there were no more public subprime mortgage lenders by what year, as described in Chapter 1?
(a) 2004.
(b) 2007.
(c) 2006.
(d) 2002.
3. 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) Credit default swap.
(d) FICO Scores.
4. What are bonds that are made up of mortgages sold to consumers by banks?
(a) Subprime bonds.
(b) Optimum bonds.
(c) Mortgage rate stocks.
(d) Mortgage bonds.
5. Steve Eisman got his job with Oppenheimer and Co. through whom?
(a) His parents.
(b) His uncle..
(c) His neighbor.
(d) A friend from college.
Short Answer Questions
1. For what company did Michael Lewis begin working after earning his Masters degree in Economics?
2. What are divisions of mortgage bonds in which the mortgage bonds are divided into pieces?
3. What is a collection of one hundred different mortgage bonds, usually the riskiest that are combined to create a new group of bonds that could take the low rated bonds and reclassify them at a higher rate?
4. 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?
5. What had Steve Eisman studied in college?
This section contains 245 words (approx. 1 page at 300 words per page) |
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