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This quiz consists of 5 multiple choice and 5 short answer questions through The Art of War.

Multiple Choice Questions

1. According to the author, even knowledgeable thrift presidents feel they face a choice between rape and _____ when dealing with mortgage traders.
(a) Slow suicide.
(b) Prison.
(c) Long-term gains.
(d) Battery.

2. What practice eventually cripples Salomon Brothers?
(a) Hypergrowth.
(b) Laziness.
(c) Top heaviness.
(d) Overextension.

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

4. What is the name of the standard of one hundred cents on the dollar?
(a) Whole life.
(b) Whole dividend.
(c) Coupon rate.
(d) Par.

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

Short Answer Questions

1. Investment banking in America is a long-standing _____.

2. Which company becomes Salomon Brothers' biggest competitor soon after mortgage trading becomes a viable investment entity?

3. What is it called when occupants of an upmarket property buy out the owner-developer who repays his government loan?

4. The author and Alexander orchestrate the a second security after "the opportunist" steals credit for the first involving the interest rate of which country?

5. According to one mortgage trader, it is an accepted fact that mortgage traders have _____.

(see the answer key)

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