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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. Lewie Ranieri is doing what when he is called in by Gutfreund to take over the mortgage department?
(a) Trading utility bonds.
(b) Trading government bonds.
(c) Trading equities.
(d) Working in the mailroom.

2. Which publication calls John Gutfreund the "King of Wall Street"?
(a) Barron's.
(b) Forbes.
(c) The Wall Street Journal.
(d) Business Week.

3. For a great player of Liar's Poker, ______ is the easy part of the game.
(a) Reading people.
(b) Lying.
(c) Science.
(d) Math.

4. The senior mortgage traders maintain that their abuse of trainees leads to _____.
(a) Lawsuits.
(b) Better workers.
(c) Enlightenment.
(d) More money.

5. According to Lewis, the better an analyst gets at his job, the nearer he seems to ______.
(a) Death.
(b) God.
(c) His dreams.
(d) Greatness.

Short Answer Questions

1. What does Lewis Identify as the two emotions that commonly destroy traders?

2. The Japanese in the training program are considered _____.

3. What is the nickname for the Government National Mortgage Association?

4. 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.?

5. According to the author, all a man has in the markets is his _____.

Short Essay Questions

1. What is the "3-6-3 Club"?

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

3. In the training class, why does Lewis think Gutfreund looks the part of statesman?

4. Why are corporate financiers considered wimps by traders?

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

6. 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?

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

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

9. What happens when the author has breakfast with Leo Corbett?

10. Why is Lewie Ranieri so loyal to Salomon Brothers?

(see the answer keys)

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