Liar's Poker: Rising Through the Wreckage on Wall Street Test | Mid-Book Test - Easy

Michael Lewis (author)
This set of Lesson Plans consists of approximately 116 pages of tests, essay questions, lessons, and other teaching materials.
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Liar's Poker: Rising Through the Wreckage on Wall Street Test | Mid-Book Test - Easy

Michael Lewis (author)
This set of Lesson Plans consists of approximately 116 pages of tests, essay questions, lessons, and other teaching materials.
Buy the Liar's Poker: Rising Through the Wreckage on Wall Street Lesson Plans
Name: _________________________ Period: ___________________

This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. In the midst of Liar's Poker, the good player's mind spins with ________.
(a) Gestures.
(b) Details.
(c) Probabilities.
(d) Commonalities.

2. Bob Dall and Stephen Joseph create the first _____ of mortgage securities.
(a) Legislative block.
(b) Public offering.
(c) Successful recall.
(d) Private issue.

3. Massey is not looking for curious minds among trainees, he is looking for _____.
(a) Cult followers.
(b) Obsequious coffee-getters.
(c) Bulls.
(d) Cookie-cutter versions of himself.

4. Who is chairman of the Federal Reserve in 1979?
(a) Arthur F. Burns.
(b) Ben Bernanke.
(c) Alan Greenspan.
(d) Paul Volcker.

5. Lewis sees John Meriwether as successful because he has the uncanny ability to do what?
(a) Hide his state of mind.
(b) Avoid bad press.
(c) Hide money.
(d) Time his trades.

6. Which department at Salomon Brothers is considered "the sleepy backwater"?
(a) Corprate finance.
(b) Bond trading.
(c) Analysis.
(d) Equities.

7. A challenge in Liar's Poker is like saying _______.
(a) "I doubt it."
(b) "I'll take the gamble."
(c) "You're an idiot."
(d) "You're a con artist."

8. Who is considered the baby-sitter and organizer of the training program?
(a) Susan James.
(b) John Meriwether.
(c) John Gutfreund.
(d) Lisa Ericsson.

9. What dollar amount does Meriwether counter Gutfreund's bet with?
(a) Two dollars.
(b) Forty-one thousand dollars.
(c) A quarter of a million dollars.
(d) Ten million dollars.

10. What is the name of the trainee who was a former U.S. Navy fighter pilot?
(a) Joe Friedman.
(b) Mike Lewis.
(c) Susan James.
(d) Max Johnson.

11. Traders prove their superiority in a Wall Street firm every day by doing what?
(a) Handling risk.
(b) Taking long lunches.
(c) Destroying companies.
(d) Managing trainees.

12. Jim Massey is considered Gutfreund's _____.
(a) Hatchet man.
(b) Confidante.
(c) Arch enemy.
(d) Prodigal son.

13. More than any other firm on Wall Street, Salomon Brothers is run by _______.
(a) Analysts.
(b) Traders.
(c) Corporate finance.
(d) Mutual fund managers.

14. What is the nickname of Horowitz?
(a) Uncle Dale.
(b) The hatchet man.
(c) The Jackknife.
(d) Papa Horowitz.

15. As Lewis observes people in his firm, he finds that just as some people are mean drunks, mortgage traders are mean _____.
(a) Dogs.
(b) Parents.
(c) Gluttons.
(d) Teachers.

Short Answer Questions

1. As Lewis gets more experience at Salomon Brothers, he realizes that an inexplicable aspect of studying to be an investment banker is that _______ serves no function in an investment bank.

2. The back row trainees at Solomon Brothers are victims of the myth that a trader is a _____.

3. What practice eventually cripples Salomon Brothers?

4. Lewis observes that the cruelty that traders bestow on everyone in their wake is _____.

5. The cafeteria kitchen at Salomon Brothers is known throughout Wall Street for its _____.

(see the answer keys)

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