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This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

1. According to the author in Chapter 14, beneath the New York Federal Reserve Building lies a three-level vault that holds more than how much money’s worth of gold?
(a) $60 billion
(b) $30 billion
(c) $10 billion
(d) $100 billion

2. Who was described as the “seasoned reporter” at CNBC in Chapter 12?
(a) Michael Cavanaugh
(b) David Faber
(c) Charlie Scharf
(d) Frank Zarb

3. John Thain thought in Chapter 14 as he pulled up to the New York Federal Reserve Building that the last time he’d been there was during the rescue of Long-Term Capital Management in what year?
(a) 2001
(b) 1993
(c) 1998
(d) 2005

4. Who was the new CFO of JP Morgan in Chapter 12?
(a) Michael Cavanaugh
(b) Erin Callan
(c) Cornelius Vander Starr
(d) Sandy Weill

5. What does CIC stand for?
(a) China Investment Corporation
(b) Cash Inflow Coalition
(c) Chinese Infrastructure Coalition
(d) Capitol Intelligence Company

Short Answer Questions

1. John Mack at Morgan Stanley knew that his company had to find an investment partner to stay alive in Chapter 18. They had been looking at the books of what banking institution but were not enthusiastic about what they found?

2. Who was the Chief Financial Officer of Morgan Stanley in Chapter 14?

3. What is the common name for the Federal Home Loan Mortgage Corporation?

4. During the meeting of the top bankers at the New York Federal Reserve Building in Chapter 14, the bankers quickly renamed the company called SpinCo as what?

5. Who was the Assistant Secretary for Financial Markets of the Treasury in Chapter 11?

Short Essay Questions

1. What negotiations took place in the scramble to save Lehman Brothers in Chapter 12?

2. What did Ben Bernanke and Henry Paulson present to Congress as their solution to the banking problems in Chapter 17?

3. What did JP Morgan plan in order to deal with the Lehman Brothers’ problem in Chapter 12?

4. What plan was developed in order to address the problem of AIG in Chapter 16?

5. What plan was announced by Henry Paulson and drafted into a bill in Chapter 18?

6. How was the meeting between Dick Fuld and John Mack described in Chapter 10?

7. What was discussed in the meeting between Dick Fuld and Timothy Geithner in Chapter 10?

8. What was the purpose of the meeting that Tim Geithner called in Chapter 16? Who was called to this meeting?

9. With whom were Lehman Brothers in negotiations with in Chapter 11? Who led the negotiations?

10. What were the principle causes for Dick Fuld’s increasing stress in the beginning of Chapter 12?

(see the answer keys)

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