6. What did Peter study? a) Economics b) Finance c) Accounting d) Propulsion 7. What kind of business has been very profitable for the \"firm\"? a) Making Loans b) Buying shares cheap and sell them expensive c) Creating new financial products (C005) by combining various mortgage backed securities (MBSs) d) Carry trade in the FX market 8. What was the risk associated with this business (the creation of CDOs)? a) It takes about a month until the repacked assets can be sold and their value might drop in the meantime. b) That the firm is running out of mortgages to buy and bundle. c) That the FX-rate turns against them as predicted by the uncovered interest rate parity condition