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This quiz consists of 5 multiple choice and 5 short answer questions through Beginnings.

Multiple Choice Questions

1. As a child, Warren Buffett had a 'thirst' for __________.
(a) numbers.
(b) books.
(c) games.
(d) money.

2. What was important to the young Warren?
(a) games.
(b) books.
(c) making money and watching it grow.
(d) schools.

3. Which of the following was not some thing that Howard Buffett was against?
(a) protecting US savings bond owners against inflation.
(b) the Bretton Woods monetary scheme.
(c) European grain exports.
(d) school lunch programs.

4. The Buffett family owned and operated a ___________.
(a) grocery store.
(b) corn farm.
(c) general store.
(d) cattle ranch.

5. What did Buffett worry about at the age of twenty six when he had little money?
(a) how much money to leave to his children and what to do with the money.
(b) how to amass a fortune.
(c) where he would retire to.
(d) on an individual basis.

Short Answer Questions

1. What did the young Warren trust?

2. What was the result of Warren's first year of partnership?

3. What bad investment did Warren make at this time?

4. Throughout his years in school, Buffett said he would live in:

5. According to the terms offered to the Davises, what percent of the profits would Warren receive?

(see the answer key)

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