1. To an investor, when Moody's or Standard & Poor's rated a financial product with AAA rating, it meant that as far as the default risk of any asset, it ___?

a. was not worth investing in

b. was highly probable

c. had a 50/50 odds of success

d. was close to zero

2. The company, known as ___, acted as a securities insurance company at the time of the 2008 Crisis.

a. Morgan Stanley

b. GoldmanSachs

c. Fitch

d. AIG

3. Which one of the following consolidation methods must firms use under FASB 52?

a. current rate

b. monetary/nonmonetary

c. current/non-current

d. temporal