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This quiz consists of 5 multiple choice and 5 short answer questions through Chapters 8-9.

Multiple Choice Questions

1. What is a spectrum of psychological conditions characterized by widespread abnormalities of social interactions and communication, as well as restricted interests and repetitive behavior?
(a) The Asperger spectrum.
(b) Schizophenic spectrum.
(c) ADHD.
(d) The autism spectrum.

2. As Steve Eisman's team investigated in Chapter 4, they found patterns in the people and states that what?
(a) Were more educated.
(b) Suffered the highest default rates.
(c) Had warmer climates.
(d) Were the most successful.

3. By what year had Steve Eisman gathered a group of investors around himself filled with people who believed as he did that no one on Wall Street knew what they were doing, as described in Chapter 1?
(a) 1999.
(b) 2005.
(c) 2007.
(d) 2001.

4. When was Michael Burry born?
(a) 1971.
(b) 1959.
(c) 1963.
(d) 1960.

5. Howie Hubler decided to find a way to bet against mortgage bonds and in doing so began forming what, which he sold to what he thought were ignorant investors?
(a) CDSs.
(b) CDOs.
(c) CEOs.
(d) CFSs.

Short Answer Questions

1. What are divisions of mortgage bonds in which the mortgage bonds are divided into pieces?

2. During the first six months of what year did Mike Burry find himself struggling with his investors in Chapter 8?

3. Who began taking the bottom tranches of their mortgage bonds and packaging them together to create CDOs in Chapter 3?

4. What is the title of Chapter 6?

5. Cornwall Capital Management began quickly selling their CDOs in Chapter 9 because they were suddenly concerned with whose ability to pay?

(see the answer key)

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