Liar's Poker: Rising Through the Wreckage on Wall Street Test | Mid-Book Test - Medium

Michael Lewis (author)
This set of Lesson Plans consists of approximately 116 pages of tests, essay questions, lessons, and other teaching materials.
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Liar's Poker: Rising Through the Wreckage on Wall Street Test | Mid-Book Test - Medium

Michael Lewis (author)
This set of Lesson Plans consists of approximately 116 pages of tests, essay questions, lessons, and other teaching materials.
Buy the Liar's Poker: Rising Through the Wreckage on Wall Street Lesson Plans
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This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

1. In 1979, which company specializes in junk bonds?
(a) Shearson.
(b) Drexel Burnham.
(c) Salomon Brothers.
(d) Lehman.

2. Liar's Poker has a lot in common with what aspect of Wall Street business?
(a) Bond trading.
(b) Stock trading.
(c) Currency trading.
(d) Commodities trading.

3. From what school does Leonard Bublick, the trainee who gets hit in the head with a paper wad thrown by the former U.S. Navy fighter pilot, get his M.B.A.?
(a) Yale.
(b) University of Indiana.
(c) Oberlin.
(d) University of Iowa.

4. What is the name stockbrokers give to the day in 1976 when fixed stock brokerage commissions ended?
(a) Mayday.
(b) A green Christmas.
(c) Black Friday.
(d) Blue Monday.

5. Bond prices move _____ to interest rates after 1979.
(a) Cyclically.
(b) Parallel.
(c) Inversely.
(d) Unrelated.

Short Answer Questions

1. What is the name of the trainee who was a former U.S. Navy fighter pilot?

2. The front-row people in the Salomon Brothers training program are generally from which business school?

3. A _____ of personal popularity is how Lewis thinks trainees are chosen by managers.

4. There are 287 books about bonds in the New York Public Library and most of them are about _____.

5. Lewis observes that the cruelty that traders bestow on everyone in their wake is _____.

Short Essay Questions

1. Describe the home-buying imbalance of the Rust Belt and the Sun Belt.

2. What is the difference between managing and trading?

3. Why does one of the female trainees become the first person to finally talk to the author in the training program at Salomon Brothers?

4. Why are corporate financiers considered wimps by traders?

5. Why is a single home mortgage considered a messy investment for Wall Street?

6. What do the trainees have planned for the morning Gutfreund is supposed to speak to the class?

7. What is the hard part of Liar's Poker?

8. What effect does allowing the back row of the Salomon Brothers training program to create anarchy have on the company?

9. How is trading supposedly like the jungle?

10. How does a chaired professor at the London School of Economics react when the author tells him the amount he has been offered to work at Salomon Brothers?

(see the answer keys)

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