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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. The author notices that young traders become _____ after they get onto Meriwether's trading desk.
(a) Intellectuals.
(b) Disciples.
(c) Pudding.
(d) Hysterical.

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

3. What dollar amount does Meriwether counter Gutfreund's bet with?
(a) Forty-one thousand dollars.
(b) Ten million dollars.
(c) A quarter of a million dollars.
(d) Two dollars.

4. What ubiquitous part of business attire does Massey conspicuously lack?
(a) A pocket hankie.
(b) A tie.
(c) A gold watch.
(d) Black shoes.

5. A row of Bic fine-point pens in a plastic case in the breast pocket of someone who works on Wall Street is commonly called a _____.
(a) Cigarette pack.
(b) Badge of honor.
(c) Nerd pack.
(d) Platoon.

Short Answer Questions

1. In any market, as in any poker game, there is a ______.

2. Where is the author living in 1984?

3. Traders prove their superiority in a Wall Street firm every day by doing what?

4. Jim Massey is considered Gutfreund's _____.

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. 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. Why are corporate financiers considered wimps by traders?

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

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

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

7. What does Lewis see as being the first inalienable right of the Salomon Brothers trainee?

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

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

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

(see the answer keys)

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