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This quiz consists of 5 multiple choice and 5 short answer questions through Chapters 4-5.

Multiple Choice Questions

1. During their research, Ledley and Mai discovered that many CDOs were comprised of triple-B rated mortgages being sold as what?
(a) Double-C.
(b) Triple-A.
(c) Triple-C.
(d) Double-B.

2. Steve Eisman got his job with Oppenheimer and Co. through whom?
(a) A friend from college.
(b) His uncle..
(c) His neighbor.
(d) His parents.

3. With how much capital did Charlie Ledley and his partner begin a hedge fund in Chapter 5?
(a) $60,000.
(b) $75,000.
(c) $110,000.
(d) $40,000.

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

5. Where did Steve Eisman's wife threaten to move to and raise chickens in Chapter 1?
(a) Maine.
(b) Delaware.
(c) Rhode Island.
(d) Vermont.

Short Answer Questions

1. Michael Burry lost his left eye due to what as a toddler?

2. Where did Michael Burry share his thoughts on investing while learning what he could from others in Chapter 2?

3. What is a legal document that institutions and businesses use to describe the securities they are offering for participants and buyers?

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. In Chapter 3, soon all the CDSs AIG FP sold consisted primarily of what?

(see the answer key)

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