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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. A sticking point in making mortgage securities work is the homeowner's right to _____ his mortgage.
(a) Appropriate.
(b) Prepay.
(c) Sell.
(d) Default on.

2. Gutfreund's first love is ______.
(a) Philosophizing.
(b) Trading.
(c) Managing.
(d) Posing for photo ops.

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 _____.
(a) Firing squad.
(b) Ballet.
(c) Jungle.
(d) War zone.

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?
(a) Japan.
(b) China.
(c) Korea.
(d) Singapore.

5. What is the primary aspect of business that always matters most at Salomon Brothers?
(a) Market advantage.
(b) Profit.
(c) Revenue.
(d) Loyalty.

Short Answer Questions

1. Which country's interest rate is part of the deal for which "the opportunist" steals credit?

2. What are the bonds of one-time blue-chip companies called?

3. As Lewis gets more experience at Salomon Brothers, he realizes that an inexplicable aspect of studying to be an investment banker is that _______ serves no function in an investment bank.

4. Gutfreund is treated like a _____ in London.

5. Who are the biggest shoppers for mortgage products?

(see the answer key)

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