Problem: Given the question: Extract the answer to the question from the following context. Question: Laws were then made by what? Context: On 3 May 1505 King Alexander I Jagiellon granted the Act of "Nihil novi nisi commune consensu" (Latin: "I accept nothing new except by common consent"). This forbade the king to pass any new law without the consent of the representatives of the nobility, in Sejm and Senat assembled, and thus greatly strengthened the nobility's political position. Basically, this act transferred legislative power from the king to the Sejm. This date commonly marks the beginning of the First Rzeczpospolita, the period of a szlachta-run "Commonwealth".
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The answer is:
the Sejm

Problem: Given the question: Extract the answer to the question from the following context. Question: What was exaggerated? Context: Others have pointed out that there were not enough of these loans made to cause a crisis of this magnitude. In an article in Portfolio Magazine, Michael Lewis spoke with one trader who noted that "There weren't enough Americans with [bad] credit taking out [bad loans] to satisfy investors' appetite for the end product." Essentially, investment banks and hedge funds used financial innovation to enable large wagers to be made, far beyond the actual value of the underlying mortgage loans, using derivatives called credit default swaps, collateralized debt obligations and synthetic CDOs.
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The answer is:
value of the underlying mortgage loans

Problem: Given the question: Extract the answer to the question from the following context. Question: Why would someone want to pay for premium service? Context: PlayStation Plus (commonly abbreviated PS+ and occasionally referred to as PSN Plus) is a premium PlayStation Network subscription service that was officially unveiled at E3 2010 by Jack Tretton, President and CEO of SCEA. Rumors of such service had been in speculation since Kaz Hirai's announcement at TGS 2009 of a possible paid service for PSN but with the current PSN service still available. Launched alongside PS3 firmware 3.40 and PSP firmware 6.30 on June 29, 2010, the paid-for subscription service provides users with enhanced services on the PlayStation Network, on top of the current PSN service which is still available with all of its features. These enhancements include the ability to have demos, game and system software updates download automatically to PlayStation 3. Subscribers also get early or exclusive access to some betas, game demos, premium downloadable content and other PlayStation Store items. North American users also get a free subscription to Qore. Users may choose to purchase either a one-year or a three-month subscription to PlayStation Plus.
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The answer is:
exclusive access to some betas, game demos, premium downloadable content and other PlayStation Store items