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

Multiple Choice Questions

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

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) June 28, 2007.
(d) August 15, 2009.

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

4. Where did Michael Burry share his thoughts on investing while learning what he could from others in Chapter 2?
(a) Seminars.
(b) Church.
(c) Online social networks.
(d) Wall street.

5. Who was Gene Park's boss in Chapter 4?
(a) Theodore Williams.
(b) Amos Robinson.
(c) John Weatherfield.
(d) Joe Cassano.

Short Answer Questions

1. The sale of CDSs grew AIG FP so quickly that it provided what percent of AIG's profits in Chapter 3?

2. With how much capital did Charlie Ledley and his partner begin a hedge fund in Chapter 5?

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

4. What had Michael Burry's father warned him to stay away from in Chapter 2?

5. Meredith Whitney was an analyst of financial firms for what company in 2007?

(see the answer key)

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