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This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.

Short Answer Questions

1. What is the name stockbrokers give to the day in 1976 when fixed stock brokerage commissions ended?

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

3. Which department at Salomon Brothers is considered "the sleepy backwater"?

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

5. The author describes England as the land of ________.

Short Essay Questions

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

2. Why is the treasury trader king at Salomon Brothers?

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

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

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

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

7. What do the trainees have planned for the morning Gutfreund is supposed to speak to the class?

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

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

10. What is meant by "no tears"?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

How is Lewie Ranieri fired? Why is he fired? Who does he blame for his being fired? Why? What reasons are given by Gutfreund for his dismissal? Why is he not let into the building after he is fired?

Essay Topic 2

What does the author learn from Dash Riprock and Alexander at his job as a bond salesman in London? How are they different? What is Dash's telephone style?How is Alexander so easily able to read markets?

Essay Topic 3

How does the Glass-Steagall Act of 1934 cleave the banking industry in two? What two sectors of banking are created as a result of the act? What functions do these two sectors serve? How are the two sectors of banking perceived by the author?

(see the answer keys)

This section contains 768 words (approx. 3 pages at 300 words per page) View a FREE sample