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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 did "NASDAQ" originally stand for?
(a) Numbering Association of Stock Dealers Automated Quotations.
(b) National Association of Specialized Dealers in Automotive Quotations.
(c) National Assets of Securities Dealers Automated Queries.
(d) National Association of Securities Dealers Automated Quotations.

2. Who began taking the bottom tranches of their mortgage bonds and packaging them together to create CDOs in Chapter 3?
(a) Goldman Sachs.
(b) Scion Capital.
(c) Cornwall Capital Management.
(d) Standard & Poor's.

3. Gene Park worked in offices where in Chapter 4?
(a) Virginia.
(b) Maine.
(c) Rhode Island.
(d) Connecticut.

4. What does FINRA stand for?
(a) Future Inverstment Reparations Act.
(b) Fiscal Imaginaton Repression Agency.
(c) Fiscal Investment Recovery Act.
(d) Financial Industry Regulatory Authority, Inc.

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

Short Answer Questions

1. In Chapter 6, Eisman realized that the CDO manager sitting next to him was selling CDOs that were synthesized from what?

2. Cornwall Capital Management ended with more than how much in CDOs in Chapter 7?

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

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

5. Morgan Stanley lost more than how much on Hubler's CDO deals, as described in Chapter 9?

(see the answer key)

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