View a FREE sample

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

Multiple Choice Questions

1. Through the use of what, was Michael Burry guaranteed to only lose only the amount of the premium payments in Chapter 2?
(a) CDSs.
(b) ISDAs.
(c) CDOs.
(d) Tranches.

2. What refers to a cumulative number that suggests a consumer's credit risk?
(a) FICO Score.
(b) Credit default swap.
(c) Tranches.
(d) Collateral debt obligation.

3. In Michael Burry's first credit default swap, he bought how many bonds?
(a) 15.
(b) 6.
(c) 10.
(d) 12.

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

5. In Michael Burry's first credit default swap, what was the rate of each bond purchased?
(a) $10 million.
(b) $1 million.
(c) $3 million.
(d) $7 million.

Short Answer Questions

1. What is a global financial service company with its headquarters in Frankfurt, Germany?

2. With Ben Hockett's help, Cornwall received a contract which allowed them to buy what?

3. In Chapter 5, Ledley and Mai bought multi-million dollar triple-A CDOs rather than the triple-B CDOs who had purchased?

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

5. When was Michael Burry born?

(see the answer key)

This section contains 196 words (approx. 1 page at 300 words per page) View a FREE sample