The Big Short: Inside the Doomsday Machine Quiz | Eight Week Quiz F

Michael Lewis (author)
This set of Lesson Plans consists of approximately 132 pages of tests, essay questions, lessons, and other teaching materials.
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The Big Short: Inside the Doomsday Machine Quiz | Eight Week Quiz F

Michael Lewis (author)
This set of Lesson Plans consists of approximately 132 pages of tests, essay questions, lessons, and other teaching materials.
Buy The Big Short: Inside the Doomsday Machine Lesson Plans
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This quiz consists of 5 multiple choice and 5 short answer questions through Chapters 8-9.

Multiple Choice Questions

1. What refers to a cumulative number that suggests a consumer's credit risk?
(a) Tranches.
(b) Credit default swap.
(c) Collateral debt obligation.
(d) FICO Score.

2. What is the name of the investment group Steve Eisman formed after quitting his job as a bond analyst?
(a) Deutsche Bank.
(b) FrontPoint.
(c) Scion Capital.
(d) Cornwall Capital Management.

3. In Chapter 3, soon all the CDSs AIG FP sold consisted primarily of what?
(a) Subprime mortgages.
(b) Gold and silver.
(c) Auto loans.
(d) Pork futures.

4. What did "NASDAQ" originally stand for?
(a) National Association of Securities Dealers Automated Quotations.
(b) National Assets of Securities Dealers Automated Queries.
(c) Numbering Association of Stock Dealers Automated Quotations.
(d) National Association of Specialized Dealers in Automotive Quotations.

5. How much did Cornwall Capital Management make from selling its CDOs in Chapter 9?
(a) Over $120 million.
(b) Over $80 million.
(c) Over $450 million.
(d) Over $240 million.

Short Answer Questions

1. Cornwall Capital Management began quickly selling their CDOs in Chapter 9 because they were suddenly concerned with whose ability to pay?

2. In Michael Burry's first credit default swap, what was the rate of each bond purchased?

3. In finance, what occurs when a debtor has not met his or her legal obligations according to the debt contract?

4. In Chapter 7, Eisman came to the conclusion that none of the banks dealing in CDSs and CDOs really appreciated the disaster awaiting them because of what?

5. Where did Ben Hockett live and make investments from in Chapter 5?

(see the answer key)

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