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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, in order for the home mortgage to become a bond, it has to be _____.
(a) Depersonalized.
(b) Reversed.
(c) Refinanced.
(d) Inflated.

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

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

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

5. Lewis sees John Meriwether as successful because he has the uncanny ability to do what?
(a) Hide his state of mind.
(b) Avoid bad press.
(c) Time his trades.
(d) Hide money.

Short Answer Questions

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

2. To create a CMO, hundreds of millions of dollars in ordinary mortgage bonds are placed in a _____.

3. The speaker who eventually wins the hearts and minds of the back row in the Salomon Brothers training program describes the trading floor as a _____.

4. A guiding principle of Salomon Brothers that Tom Strauss iterates to the author is that customers have _____.

5. A trainee asks Horowitz about Salomon Brother's being blacklisted by whom?

(see the answer key)

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