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

Multiple Choice Questions

1. Meredith Whitney was an analyst of financial firms for what company in 2007?
(a) Salomon Brothers.
(b) Oppenheimer and Co.
(c) Household Finance Corporation.
(d) Citigroup.

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

3. What does CDO stand for?
(a) Collateralized debt obligations.
(b) Calculated debt options.
(c) Client debt options.
(d) Common debt obligations.

4. What is the name of the investment group Steve Eisman formed after quitting his job as a bond analyst?
(a) FrontPoint.
(b) Cornwall Capital Management.
(c) Scion Capital.
(d) Deutsche Bank.

5. What was Michael Lewis' first book?
(a) Digital Money.
(b) Trade or Die.
(c) Liar's Poker.
(d) Stock Junkies.

Short Answer Questions

1. Who from Deutsche Bank asked if they could buy the swaps back from Michael Burry in Chapter 2?

2. Gene Park worked in offices where in Chapter 4?

3. What is often referred to as a form of insurance that protects a lender if a borrower of capital defaults on a loan?

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

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

(see the answer key)

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