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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 the bond market, unlike the stock market, ______ are not openly stated.
(a) Share quantities.
(b) Taxes.
(c) Commissions.
(d) Interest rates.

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

3. Gutfreund's challenging of Meriwether to a game of Liar's Poker is his way of showing he is ______.
(a) Wealthy.
(b) A player.
(c) Boss.
(d) Intelligent.

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

5. What floor at Salomon brothers is said to have low ceilings, no windows, and the charm of an engine room?
(a) The fortieth floor.
(b) The thirty-seventh floor.
(c) The forty-first floor.
(d) The ground floor.

Short Answer Questions

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

2. The senior mortgage traders maintain that their abuse of trainees leads to _____.

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

4. As Lewis observes people in his firm, he finds that just as some people are mean drunks, mortgage traders are mean _____.

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

Short Essay Questions

1. How is trading supposedly like the jungle?

2. 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?

3. What is one of the main concerns of the old hands at Salomon Brothers concerning the state of affairs in the economics of America in the 1980s?

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

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

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

7. How does the code of Liar's Poker affect a trader?

8. Why does Gutfreund challenge Meriwether to Liar's Poker?

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

10. What is meant by "no tears"?

(see the answer keys)

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