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

Multiple Choice Questions

1. Hank Paulson and his staff prepared a secret plan for how to deal with the situation in Chapter 4. Their plan proposed that should the banks fail, the Treasury Department would purchase up to how many of the bad assets of the banks in order to stabilize the market?
(a) $300 billion
(b) $200 billion
(c) $100 billion
(d) $500 billion

2. Where did Dick Fuld receive his B.A. and B.S. in 1969?
(a) The University of Idaho at Boise
(b) The University of Arizona at Flagstaff
(c) The University of Washington at Tacoma
(d) The University of Colorado at Boulder

3. What title did Hank Paulson hold in 2008?
(a) United States Secretary of the Interior
(b) United States Secretary of State
(c) United States Secretary of the Treasury
(d) United States Secretary of Education

4. How old was David Einhorn described as being when he prepared for a speech at the Ira W. Sohn Investment Research Conference in Chapter 5?
(a) 42
(b) 33
(c) 51
(d) 39

5. According to the author in Chapter 1, Henry Paulson called and informed Dick Fuld that Bear Stearns collapsed and that the U.S. Treasury had taken the step of backing how much in Bear Stearns assets to restore confidence in the market?
(a) $2 billion
(b) $8 billion
(c) $15 billion
(d) $30 billion

Short Answer Questions

1. Jamie Dimon told Hank Paulson that JP Morgan had upped its offer from $2 per share to what in Chapter 2?

2. AIG began with what name in a small office in Shanghai in 1919?

3. Who was the Chairman of the Federal Reserve in 2008?

4. What word from Chapter 5 derives from German and describes an all-motorized force concentration of tanks, infantry, artillery, combat engineers and air power?

5. Who was the founder of the company that would become AIG?

(see the answer key)

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