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This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

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

2. The code of Liar's Poker is something like the code of the ______.
(a) Mason.
(b) Silent.
(c) Marine.
(d) Gunslinger.

3. In 1979, which company specializes in junk bonds?
(a) Salomon Brothers.
(b) Drexel Burnham.
(c) Lehman.
(d) Shearson.

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

5. Where does the important dinner that the author is invited to take place?
(a) Tintagel.
(b) Buckingham Palace.
(c) St. James Palace.
(d) Cornwall.

Short Answer Questions

1. William Simon becomes the secretary of the U.S. Treasury under which president?

2. Where was the author born and raised?

3. What is the nickname for the Government National Mortgage Association?

4. Where is the author living in 1984?

5. The author thinks that all money men either have ______ hair or are bald.

Short Essay Questions

1. What effect does allowing the back row of the Salomon Brothers training program to create anarchy have on the company?

2. What does Lewis see as being the first inalienable right of the Salomon Brothers trainee?

3. What is the "3-6-3 Club"?

4. Why are corporate financiers considered wimps by traders?

5. What is meant by "no tears"?

6. How does the code of Liar's Poker affect a trader?

7. What entices many people to apply to Salomon Brothers and binds them to the firm?

8. What happens as a result of the surge in the number of students who get economics degrees?

9. What is the hard part of Liar's Poker?

10. How is trading supposedly like the jungle?

(see the answer keys)

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