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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 1986, forty percent of Yale's graduating class apply to which bank?
(a) Lehman Brothers.
(b) First Boston.
(c) Shearson.
(d) Citibank.

2. What is the nickname of Horowitz?
(a) Papa Horowitz.
(b) The Jackknife.
(c) Uncle Dale.
(d) The hatchet man.

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

4. What is photocopied 126 times from The New York Times and distributed among the trainees each morning?
(a) The front page.
(b) The comic section.
(c) The business section.
(d) The crossword puzzle.

5. According to the author, in order for the home mortgage to become a bond, it has to be _____.
(a) Inflated.
(b) Reversed.
(c) Depersonalized.
(d) Refinanced.

Short Answer Questions

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

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

3. Which subway line drops off hoards of people to their Wall Street jobs?

4. What is another name for an analyst in the corporate finance department at Salomon Brothers?

5. According to the book, investment banking candidates are expected to be _______.

Short Essay Questions

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

2. Why are corporate financiers considered wimps by traders?

3. How does Bob Dall react when he is replaced by Ranieri?

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

5. What is the difference between managing and trading?

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

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

8. 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?

9. 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?

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

(see the answer keys)

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