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This quiz consists of 5 multiple choice and 5 short answer questions through Part 1: Chapter 6, The Air Fund.

Multiple Choice Questions

1. What did Milken and Joseph devise to keep business flowing during the recession?
(a) better communications with clients
(b) different kinds of instruments
(c) ways of trading abroad
(d) finance services for the largest clients

2. How did Milken and his wife travel to Los Angeles?
(a) by bus
(b) by private jet
(c) by train
(d) by car

3. By 1983, what was the worth of Drexel's junk bond business?
(a) $4.690 billion
(b) $2 billion
(c) $40 billion
(d) $460 billion

4. What was the result in 1974 when International Nickel Company raided ESB?
(a) the beginning of many hostile raids
(b) no one was surprised
(c) Milken denounced the deal
(d) junk bonds became passe

5. What was one thing Lowell Milken did for the company?
(a) keep out unwanted visitors
(b) find tax shelters for them
(c) make the coffee
(d) make political contacts

Short Answer Questions

1. What was the address of the new building in L. A.?

2. What was a cause of the market crash of 1974?

3. Why was Drexel Burnham's investment banking business diminished by 1975?

4. What government regulation made it easier for multiple mergers in the 1980s?

5. What did Milken offer this market segment?

(see the answer key)

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