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

2. On Wall Street, there is no theoretical basis for pricing a homeowner's option to _____ his loan.
(a) Refinance.
(b) Inflate.
(c) Default on.
(d) Repay.

3. What is the word that means trading riskily for profit?
(a) Arbitration.
(b) Swapping.
(c) Selling short.
(d) Arbitrage.

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

5. What is it called when a trader offloads bonds down a customer's throat for the company's benefit?
(a) Ramming.
(b) Slamming.
(c) Jamming.
(d) Cramming.

Short Answer Questions

1. In New York, when a trader is starting out, the excitement of being part of the action comes at the price _____.

2. Ranieri tells Gutfreund that he is selling the [mortgage bond] technology for a _____.

3. According to the author, what is a symbol of Britain's long economic decline?

4. What is the name of the Federal Housing Administration's approval to trade in whole loans?

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

(see the answer key)

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