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This quiz consists of 5 multiple choice and 5 short answer questions through Chapters 4-5.

Multiple Choice Questions

1. What led Michael Burry to leave his original profession and become a money manager?
(a) His son's birth.
(b) His wife's death.
(c) His daughter's birth.
(d) His father's death.

2. In finance, what occurs when a debtor has not met his or her legal obligations according to the debt contract?
(a) Refinancing.
(b) Repossesion.
(c) Default.
(d) Forclosure.

3. What are bonds that are made up of mortgages sold to consumers by banks?
(a) Optimum bonds.
(b) Mortgage bonds.
(c) Mortgage rate stocks.
(d) Subprime bonds.

4. What is the name of the investment group begun by Charlie Ledley and his partner in Chapter 5?
(a) Capital One Financial.
(b) Scion Capital.
(c) FrontPoint.
(d) Cornwall Capital Management.

5. An investment corporation needs a contract through what in order to trade in securities that are traditionally only bought and sold between large investing bodies?
(a) ISDA.
(b) IMDB.
(c) USDA.
(d) COMA.

Short Answer Questions

1. What majority-owned subsidiary of Fimalac, S.A., is a global rating agency dedicated to providing value beyond the rating through independent and prospective credit opinions, research and data?

2. Who agreed to a $5 million dollar deal with Michael Burry in Chapter 2?

3. What does AIG FP stand for?

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

5. Where did Steve Eisman's wife threaten to move to and raise chickens in Chapter 1?

(see the answer key)

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