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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. One of the major incentives that legislators create to encourage the borrowing of money is the _____ of mortgage payments.
(a) Variability.
(b) Investment advantage.
(c) Price reduction.
(d) Tax deductibility.

2. The Japanese in the training program are considered _____.
(a) Highly alert.
(b) A ruthless cult.
(c) Expendable.
(d) A protected species.

3. Lewis states that analysts don't analyze anything; they are just _____ to corporate financiers.
(a) Secretaries.
(b) Sounding boards.
(c) Slaves.
(d) Coffee makers.

4. According to the book, investment banking candidates are expected to be _______.
(a) Open-minded.
(b) Intellectuals.
(c) Culturally literate.
(d) Brash.

5. The back row trainees at Solomon Brothers are victims of the myth that a trader is a _____.
(a) Messiah.
(b) Quarterback.
(c) Savage.
(d) Dictator.

Short Answer Questions

1. A trainee asks Horowitz about why the company's largest shareholder is from which country?

2. Which publication calls John Gutfreund the "King of Wall Street"?

3. The face of Dale Horowitz reminds the author of whom?

4. What aspect of the dollar bill is the integral component of Liar's Poker?

5. Rich Shuster is a thrift salesman in which Salomon Brothers office before coming to work for Ranieri?

Short Essay Questions

1. How does the author manage to get a connection into Salomon Brothers?

2. What happens as a result of the surge in the number of students who get economics degrees?

3. How does Meriwether beat Gutfreund before the game of Liar's Poker even starts?

4. How does the author compare economics to art history?

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

6. The author uses the analogy of two benevolent hands that "stuff the turkey" that Wall Street firms eat the stuffing from. What does he mean by this?

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

8. What is unfortunate about the position Susan James has acquired at Salomon Brothers?

9. Why is the treasury trader king at Salomon Brothers?

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

(see the answer keys)

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