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. What author does the author recommend to his Prussian colleagues?
(a) John Suskind.
(b) Anthony Robbins.
(c) Dale Carnegie.
(d) Sun-Tzu.

2. The pet name that bond traders give to the corporate finance department is _____.
(a) The Cleveland Browns.
(b) Twenty Mule Team.
(c) The Who.
(d) Team Xerox.

3. What ritual of the London office is fairly renowned in New York?
(a) Going to France on the weekends.
(b) Working late hours.
(c) Wine at work.
(d) Two-hour lunches.

4. Ranieri is characterized by the author as perhaps the first _____ in the history of Wall Street.
(a) Populist.
(b) Communist.
(c) Confedrate.
(d) Democrat.

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

6. Mark Smith enters the mortgage department in 1985 and is considered a _____ by the author.
(a) Mediator.
(b) Genius.
(c) Dark horse.
(d) Spy.

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

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

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

10. Howie Rubin is picked up by which company when he is fired from Merrill Lynch?
(a) Bear Stearns.
(b) Shearson Lehman.
(c) Drexel Burnham.
(d) Salomon Brothers.

11. What is Latin for "buyer beware"?
(a) Quid pro quo.
(b) Caveat emptor.
(c) Semper fedelis.
(d) Meum dictum pactum.

12. What are the European genus, English species, of slick financial people called?
(a) Spivs.
(b) Snakes.
(c) Donkeys.
(d) Rakes.

13. What is it called when occupants of an upmarket property buy out the owner-developer who repays his government loan?
(a) A counter weight.
(b) A reversal.
(c) A conversion.
(d) A no-fault loan.

14. How much debt does the savings and loan companies seem to want to sell in 1981?
(a) Fifty billion dollars.
(b) One trillion dollars.
(c) Zero.
(d) One billion dollars.

15. What type of nightmares is the author having at the beginning of "The Art of War"?
(a) Sandlot.
(b) Hotel.
(c) Elementary school.
(d) Trading.

Short Answer Questions

1. Lewis characterizes the sprinting rabbit statue at the new London office as a _____.

2. What is it called when a trader offloads bonds down a customer's throat for the company's benefit?

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

4. What is the name of the standard of one hundred cents on the dollar?

5. The Salomon Brothers expense account is used as a _____ compensation system.

(see the answer keys)

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