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

Multiple Choice Questions

1. What does CDO stand for?
(a) Client debt options.
(b) Common debt obligations.
(c) Calculated debt options.
(d) Collateralized debt obligations.

2. What had Steve Eisman studied in college?
(a) Art history.
(b) South American history.
(c) International trade.
(d) Corporate law.

3. Steve Eisman got his job with Oppenheimer and Co. through whom?
(a) His neighbor.
(b) His parents.
(c) A friend from college.
(d) His uncle..

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

5. What did Michael Burry study in college?
(a) Engineering.
(b) Law.
(c) History.
(d) Medicine.

Short Answer Questions

1. What is the name of Mike Burry's investment group?

2. What does CDS stand for?

3. What was Michael Lewis' first book?

4. When did money manager Michael Burry become interested in bonds?

5. In what year did Steve Eisman stop working as an analyst and start his own hedge fund?

(see the answer key)

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