Metal Men: Marc Rich and the 10-billion-dollar Scam Test | Mid-Book Test - Medium

A. Craig Copetas
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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 describes in Chapter 1 that metal trading was a shadowy world in which huge amounts of money were traded and, to play in that arena, one had to be "extremely smart, stupid or " what?
(a) Wealthy.
(b) Crazy.
(c) Spontaneous.
(d) A gambler.

2. What term does the author use in Chapter 5 to refer to young traders like Marc Rich who were trained in-house and considered the leaders of tomorrow?
(a) Lehrlings.
(b) Heavy Metal Men.
(c) Philipp Sons.
(d) Jesselsonlings.

3. Who encouraged Marc Rich to quit college and become a trader?
(a) Henry Rothschild.
(b) Michael Skawinski.
(c) James Miller.
(d) Henry Kissinger.

4. Where was the Vice President of the United States in Chapter 2?
(a) Russia.
(b) Great Britain.
(c) France.
(d) Israel.

5. What is the chemical symbol for silver?
(a) Si.
(b) Ag.
(c) Sl.
(d) Au.

Short Answer Questions

1. In what year was there a growing awareness of the creeping power of the Ronald Reagan dollar, which was gaining fiscal strength over European currencies?

2. The author writes in Chapter 5 that Jesselson's tenure at Philipp Brothers was during an era when relationships were forged by trust, not by what?

3. How much money was Marc Rich required to pay per day in fines rather than relinquish corporate records that could land him in jail?

4. Where did many of the metals traded under the radar originate?

5. How much money did Marc Rich earn per week when he started working at Philipp Brothers?

Short Essay Questions

1. What had happened by the evening of the rumor in Chapter 2?

2. Under whom did many of the new recruits at Philipp Brothers work? What was this individual like?

3. With what company did Philipp Brothers merge in 1960? What was the effect of the merger?

4. What was Marc Rich's school experience like? Where did he attend high school?

5. When did Rich become the manager of the Madrid office at Philipp Brothers? How was he described in this position?

6. Where did Mark Rich attend college? When and why did he leave?

7. What were international trading regulations like in the metal industry during the period in which the book is set?

8. What is written of Marc Rich's ambition and determination in Chapter 6? What was admirable about him?

9. Where did Jesselson send Marc Rich in Chapter 5? What did he learn there?

10. Describe Ludwig Jesselson. How did he work with clients?

(see the answer keys)

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