Liar's Poker: Rising Through the Wreckage on Wall Street Test | Final 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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This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. According to the author, what is a symbol of Britain's long economic decline?
(a) The low price of liquor.
(b) Meatless Mondays.
(c) Sagging thin black socks.
(d) Going beltless.

2. What is the expression that describes a customer who has gone under as a result of a trade?
(a) Disintegrated.
(b) Excised.
(c) Blown up.
(d) Wiped out.

3. According to the author, the whole idea of globalization at Salomon Brothers is _____.
(a) A given.
(b) A relief.
(c) A canard.
(d) Somewhat realisitic.

4. What type of help does Congress give thrifts in 1981?
(a) Debt consolidation.
(b) Ten-year interest-free loans.
(c) Tax breaks.
(d) The government bought thrifts.

5. What is the biggest most expensive real estate project in Manhattan on which Salomon Brothers bails out at a $107 million loss?
(a) The Long Island Bridge.
(b) Crystal Island.
(c) Columbus Circle.
(d) The Manhattan Project.

6. According to one mortgage trader, it is an accepted fact that mortgage traders have _____.
(a) Fishy eyes.
(b) Death wishes.
(c) Iron balls.
(d) No consciences.

7. CMO's are divided into slices, or _____.
(a) Compartments.
(b) Departments.
(c) Branches.
(d) Tranches.

8. What book does Conni Bruck write?
(a) The Trader's Game.
(b) No Way Out.
(c) The Predator's Ball.
(d) How to Win Friends and Influence People.

9. What is another name for an individual home loan?
(a) A windfall advantage loan.
(b) A hammer loan.
(c) A window loan.
(d) A whole loan.

10. Which country's interest rate is part of the deal for which "the opportunist" steals credit?
(a) Germany.
(b) England.
(c) Thailand.
(d) Italy.

11. The author and Alexander orchestrate the a second security after "the opportunist" steals credit for the first involving the interest rate of which country?
(a) Japan.
(b) Korea.
(c) Singapore.
(d) China.

12. What is jargon for a gamble that is sure to succeed?
(a) A touchdown.
(b) A lay-up.
(c) A field goal.
(d) A home run.

13. A carnival performer who bites the heads off live chickens and snakes is definition of a _____.
(a) Nerd.
(b) Geek.
(c) Stooge.
(d) Freak.

14. In Salomon Brothers: Advance to Leadership, Gutfreund is cast as what type of figure?
(a) A de Gaulle.
(b) A messiah.
(c) A Churchill.
(d) An Isaiah.

15. Ronald O. Perelman is a hostile trader who took over which cosmetics company?
(a) Revlon.
(b) Smashbox.
(c) L'Oreal.
(d) Maybelline.

Short Answer Questions

1. The ____ outlook of traders enables traders to exploit the weakness of their customers with virtual impunity.

2. According to the author, even knowledgeable thrift presidents feel they face a choice between rape and _____ when dealing with mortgage traders.

3. What is the chief occupational hazard of the trading floor?

4. What ritual of the London office is fairly renowned in New York?

5. What fund goes from zero investment in the mortgage market in 1983 to thirty billion dollars worth of CMOs in 1986?

(see the answer keys)

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