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This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. What is the chief occupational hazard of the trading floor?
(a) Burn-out.
(b) Hearing loss.
(c) Carpal tunnel.
(d) Loss of concentration.

2. Gutfreund is treated like a _____ in London.
(a) King.
(b) Crazy uncle.
(c) Gauche American tourist.
(d) Brother.

3. The ____ outlook of traders enables traders to exploit the weakness of their customers with virtual impunity.
(a) Long-term.
(b) Short-term.
(c) Wide.
(d) Narrow.

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

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

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

7. What type of communication do the author and Dash launch into at the beginning of the work day?
(a) Slow and deliberate.
(b) Stream of consciousness.
(c) Sign language.
(d) Maniacal.

8. Drexel Burnham runs an ad in the Wall Street journal showing two men _____.
(a) On a tandem bicycle.
(b) Running up a hill.
(c) Eating fast food.
(d) At a boxing match.

9. What is the name given to the junk bond seminar that Michael Milken speaks at every year in Beverly Hills?
(a) TheMoney Masquerade.
(b) The Golden Parachute.
(c) The Junker's Ball.
(d) The Predator's Ball.

10. 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) Singapore.
(b) Japan.
(c) China.
(d) Korea.

11. According to the author, what is a symbol of Britain's long economic decline?
(a) Sagging thin black socks.
(b) Meatless Mondays.
(c) Going beltless.
(d) The low price of liquor.

12. What type of ideas does Herman want for his investment?
(a) Current.
(b) Gut.
(c) Ancient.
(d) Smart.

13. Investment banking in America is a long-standing _____.
(a) Oligopoly.
(b) Monarchy.
(c) Partnership.
(d) Dictatorship.

14. What is Latin for "buyer beware"?
(a) Caveat emptor.
(b) Quid pro quo.
(c) Semper fedelis.
(d) Meum dictum pactum.

15. Salomon Brothers is a ______ from 1910 to 1981.
(a) Monopoly.
(b) Sole proprietorship.
(c) Partnership.
(d) Corporation.

Short Answer Questions

1. Who writes the book, On War?

2. Michael Milken invents the _____.

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

4. According to the author, even knowledgeable thrift presidents feel they face a choice between rape and _____ when dealing with mortgage traders.

5. Lewis characterizes the sprinting rabbit statue at the new London office as a _____.

(see the answer keys)

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