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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 dollar amount does Meriwether counter Gutfreund's bet with?

2. Jim Massey is considered Gutfreund's _____.

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

4. The author characterizes the people initially involved in home mortgages as ______.

5. The face of Dale Horowitz reminds the author of whom?

Short Essay Questions

1. How does the equities department treat the trainees?

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

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

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

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

6. What happens as a result of the surge in the number of students who get economics degrees?

7. What entices many people to apply to Salomon Brothers and binds them to the firm?

8. 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?

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

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

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Describe the deal that the author and Alexander create on the security they invent involving German interest rates. How does the "the opportunist" offer to help them? How does "the opportunist" try to take credit for their idea? How does the author retaliate and what is the final outcome of the situation?

Essay Topic 2

According to Andy Stone, what effect does Wall Street's tendency to make its best producers into managers have on firms? What happens to managers once they achieve the position? Is it a good system overall?

Essay Topic 3

What contributes to the rapid and complete deterioration of Ranieri and Co. at Salomon Brothers? What was the achievement that Ranieri had hoped for in creating the mortgage department? How did the market affect the imbalance between Ranieri and Co. and the rest of the bond trading world?

(see the answer keys)

This section contains 869 words (approx. 3 pages at 300 words per page) View a FREE sample