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

Multiple Choice Questions

1. With all eyes on Lehman after the Bear collapse, Hank Paulson suggested to Dick Fuld that it would be a good idea for Lehman to increase its holdings of what to shore up confidence in the bank?
(a) Platinum
(b) Cash
(c) Silver
(d) Gold

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 Colorado at Boulder
(d) The University of Washington at Tacoma

3. 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) $8 billion
(b) $15 billion
(c) $30 billion
(d) $2 billion

4. By what nickname is Warren Buffett known in the financial world?
(a) The Wizard of Omaha
(b) The Wealth Extractor
(c) Rich Uncle Pennybags
(d) The Money Machine

5. Timothy Geithner was the President of the Federal Reserve Bank of New York during what years?
(a) 2001-2010
(b) 1999-2002
(c) 2002-2005
(d) 2003-2009

Short Answer Questions

1. The assignment of Jamie Dimon and a dozen of his rival CEOs at the emergency meeting at the Federal Reserve Bank of New York was to come up with a plan to save what company, according to the author in the Prologue?

2. What title did Hank Paulson hold in 2008?

3. What word in finance refers to the act of making loans to people who may have difficulty maintaining the repayment schedule?

4. Who was Dick Fuld’s mentor at the global financial services firm where he began working and later led the company for much of his career?

5. Where was Hank Paulson born?

(see the answer key)

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