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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 10 and Epilogue.

Multiple Choice Questions

1. What is the central banking system of the United States?
(a) U.S. Bank.
(b) The Federal Reserve.
(c) The World Bank.
(d) Wells Fargo.

2. What does CDS stand for?
(a) Commercial data systems.
(b) Consumer data system.
(c) Credit default swap.
(d) Credit foreclosure systems.

3. What does NASD stand for?
(a) National Association of Securities Dealers.
(b) National Assembly of Stock Dealers.
(c) Numerical Assembly of Securities Dealers.
(d) Native Association of Stock Dealers.

4. On what date does the author write the face of Wall Street changed in Chapter 10?
(a) October 31, 2007.
(b) August 4, 2007.
(c) June 3, 2006.
(d) September 18, 2008.

5. When was Michael Lewis born?
(a) 1957.
(b) 1960.
(c) 1956.
(d) 1963.

Short Answer Questions

1. What companies approached Michael Burry and provided him with capital to begin his new company?

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

3. During their research, Ledley and Mai discovered that many CDOs were comprised of triple-B rated mortgages being sold as what?

4. Where did Michael Burry begin cataloging his investments and their results, which drew interest from Wall Street brokers without Burry's knowledge?

5. Michael Burry could not bet against mortgage bonds in the same way he could other bonds because he could not short houses, only what?

(see the answer key)

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