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This quiz consists of 5 multiple choice and 5 short answer questions through Chapters 2-3.

Multiple Choice Questions

1. Timothy Geithner was the President of the Federal Reserve Bank of New York during what years?
(a) 2003-2009
(b) 1999-2002
(c) 2002-2005
(d) 2001-2010

2. What was the largest and most prestigious investment bank in the nation that Jamie Dimon advised his staff could possibly file bankruptcy in the Prologue?
(a) Wachovia
(b) Wells Fargo
(c) Barclays
(d) Goldman Sachs

3. What word in finance refers to the act of making loans to people who may have difficulty maintaining the repayment schedule?
(a) Subprime lending
(b) Naked short-selling
(c) Derivative lending
(d) Short-selling

4. On what morning does the author describe Jamie Dimon awakening after an emergency meeting at the Federal Reserve Bank of New York with a dozen of his rival Wall Street CEOs in the beginning of the Prologue?
(a) June 2, 2009
(b) September 13, 2008
(c) April 19, 2007
(d) January 5, 2010

5. The assignment of Jamie Dimon and a dozen of his rival CEOs at the emergency meeting at the Federal Reserve Bank of New York was to come up with a plan to save what company, according to the author in the Prologue?
(a) JP Morgan
(b) Merrill Lynch
(c) Lehman Brothers
(d) Berkshire Hathaway

Short Answer Questions

1. Dick Fuld was the CEO of what global financial services firm in March, 2008?

2. Where was Hank Paulson born?

3. By what nickname is Warren Buffett known in the financial world?

4. What refers to a security interest in real property held by a lender as a security for a debt?

5. Who did Dick Fuld choose as his right-hand-man when he became CEO of a leading global financial services firm?

(see the answer key)

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