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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. 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"?
(a) August 15, 2009.
(b) March 4, 2006.
(c) June 28, 2007.
(d) October 11, 2008.

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

3. What are divisions of mortgage bonds in which the mortgage bonds are divided into pieces?
(a) Collateral debt obligation.
(b) FICO Scores.
(c) Credit default swap.
(d) Tranches.

4. Where did Michael Lewis earn his Masters degree in Economics?
(a) The London School of Economics.
(b) The New York School of Economics.
(c) The Paris School of Economics.
(d) The Chicago School of Economics.

5. With whose assistance did Steve Eisman publish a report outlining the bad practices of the subprime mortgage lender in Chapter 1?
(a) Vincent Daniel's.
(b) Michael Lewis'.
(c) Greg Lippmann's.
(d) Meredith Whitney's.

Short Answer Questions

1. What mortgage lender did an Oppenheimer banker obtain information on from Steve Eisman in Chapter 1?

2. In 2007, Meredith Whitney announced that what company had so mismanaged its affairs that it would slash its dividend or crash?

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. When was Michael Lewis' first book published?

5. Where did Michael Lewis grow up?

(see the answer key)

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