Print
Word
PDF
|
| Name: _________________________ | Period: ___________________ |
This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.
Multiple Choice Questions
1. What type of ideas does Herman want for his investment?
(a) Gut.
(b) Ancient.
(c) Smart.
(d) Current.
2. Mark Smith enters the mortgage department in 1985 and is considered a _____ by the author.
(a) Dark horse.
(b) Spy.
(c) Genius.
(d) Mediator.
3. What ritual of the London office is fairly renowned in New York?
(a) Working late hours.
(b) Two-hour lunches.
(c) Going to France on the weekends.
(d) Wine at work.
4. What is it called when a trader offloads bonds down a customer's throat for the company's benefit?
(a) Cramming.
(b) Ramming.
(c) Slamming.
(d) Jamming.
5. Howie Rubin is picked up by which company when he is fired from Merrill Lynch?
(a) Drexel Burnham.
(b) Bear Stearns.
(c) Shearson Lehman.
(d) Salomon Brothers.
Short Answer Questions
1. What is it called when occupants of an upmarket property buy out the owner-developer who repays his government loan?
2. What is the word that means trading riskily for profit?
3. The ____ outlook of traders enables traders to exploit the weakness of their customers with virtual impunity.
4. The quote in "The Art of War" that captures the essence of the chapter is "God gave you eyes, _____."
5. What type of nightmares is the author having at the beginning of "The Art of War"?
Short Essay Questions
1. Does Michael Milken consider himself a part of Drexel Burnham?
2. Who took the hit for the AT&T bond loss that the author advised Herman on?
3. What characterizes Stu Willicker's leadership style?
4. Why do thrifts come back for more, even though they don't understand what is happening to their loans in the mortgage bond market?
5. Despite the upheaval in the mortgage market, what is the initial objection that remains valid as the mortgage market evolves?
6. What are some of the bad habits mortgage traders have developed regarding the use of the Salomon Brothers expense account?
7. What is a tombstone and how does it apply to the German interest warrant created by the author and Alexander?
8. The author is convinced that the worst thing a man can do with a telephone without breaking the law is what?
9. How does the role of researcher change at Salomon Brothers during the mortgage bond explosion?
10. What is the relationship of IOs and POs to the market?
|
This section contains 857 words (approx. 3 pages at 300 words per page) |
|
