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This quiz consists of 5 multiple choice and 5 short answer questions through When Bad Things Happen to Rich People.

Multiple Choice Questions

1. When Matty Olivia leaves Salomon Brothers in a huff for the joke the mortgage guys play on him, the author attributes his return to the notion that he is bound by _____.
(a) Golden handcuffs.
(b) Unwritten loyalty.
(c) Contract.
(d) Family obligation.

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

3. Though he was rejected by Harvard, Gutfreund eventually graduated from ______.
(a) Oxford.
(b) Oberlin.
(c) Yale.
(d) Princeton.

4. A trainee asks Horowitz about why the company's largest shareholder is from which country?
(a) Jordan.
(b) Australia.
(c) South Africa.
(d) Israel.

5. CMO's are divided into slices, or _____.
(a) Compartments.
(b) Tranches.
(c) Branches.
(d) Departments.

Short Answer Questions

1. On Wall Street, there is no theoretical basis for pricing a homeowner's option to _____ his loan.

2. Gutfreund's wife, Susan, is spending fifteen million dollars decorating his ______ apartment.

3. What is photocopied 126 times from The New York Times and distributed among the trainees each morning?

4. In the midst of Liar's Poker, the good player's mind spins with ________.

5. The ____ outlook of traders enables traders to exploit the weakness of their customers with virtual impunity.

(see the answer key)

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