The meltdown 'quiz'

Analyst final exam question paper.

1. What is the most used 4-letter word in the financial world?

• A. F***
• B. Fuld

2. What does A.I.G. stand for?

• A. American Insurance Group
• B. All Is Gone

3.  What does 'bailout' refer to?

• A. Paulson's rescue plan
• B. Golden parachutes for top executives

4. What is the Federal Reserve?

• A. The US monetary authority
• B. Patience shown by US government towards financial firms

5. When a cheque is returned with the comment 'insufficient balance,' whom does it refer to?

• A. The issuer of the cheque
• B. The Bank

6. What is WMD?

• A. Weapons of Mass Destruction
• B. Washington Mutual Deposit

7. What are fairy tales in the financial world known as?

• A. Aesop's fables
• B. ESOPs fables

8. Financial institutions follow a convention of SFP. What does SFP stand for?

• A. Safe financial policy
• B. Structured Financial Products

9. What is Goldman Sachs?

• A. An American investment bank
• B. What the investment bank is now doing

All those who answered A, are required to sit for a re-exam

All those who answered B, are given jobs with sovereign wealth funds

Also see: Straight from the Hip by J Mulraj. Exclusive to Equitymaster

• J Mulraj, Equitymaster.com