3. According to the author, what is the rarest and most valuable asset a Wall Street firm can possess?
(a) A Howie Ruben.
(b) A monopoly.
(c) A high cash flow.
(d) A good manager.

4. What type of help does Congress give thrifts in 1981?
(a) The government bought thrifts.
(b) Tax breaks.
(c) Debt consolidation.
(d) Ten-year interest-free loans.

5. Ranieri describes Tom Strauss as _____.
(a) A rabid dog.
(b) A clown.
(c) A boob.
(d) A snake.

6. What type of nightmares is the author having at the beginning of "The Art of War"?
(a) Sandlot.
(b) Hotel.
(c) Trading.
(d) Elementary school.

7. Ranieri owns exactly four suits, all of them _____.
(a) Wool.
(b) Rayon.
(c) Polyester.
(d) Silk.

8. To create a CMO, hundreds of millions of dollars in ordinary mortgage bonds are placed in a _____.
(a) Trust.
(b) Certificate of Deposit.
(c) Retirement account.
(d) Pension fund.

9. Ranieri is the guru of the _____ industry.
(a) Restaurant.
(b) Dream.
(c) Thrift.
(d) Junk bond.

10. What fund goes from zero investment in the mortgage market in 1983 to thirty billion dollars worth of CMOs in 1986?
(a) The American pension fund.
(b) The Freddie Mac fund.
(c) The U.S. treasury bill fund.
(d) The Fannie Mae fund.

11. Ranieri says Bill Voute always has a _____.
(a) Need to pick at people.
(b) Biting wit.
(c) Sportscar image.
(d) Political agenda.

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

13. The quote in "The Art of War" that captures the essence of the chapter is "God gave you eyes, _____."
(a) Watch your back.
(b) Look ahead.
(c) Plagiarize.
(d) Plot their demise.

14. What are the European genus, English species, of slick financial people called?
(a) Spivs.
(b) Donkeys.
(c) Snakes.
(d) Rakes.

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