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This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. Where did many of the metals traded under the radar originate?
(a) Iran.
(b) Israel.
(c) Africa.
(d) India.

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

3. What individual in Chapter 2 was also known as Dapper Dan?
(a) David Duncan.
(b) James Lee.
(c) Doug Lee.
(d) Andrew Warner.

4. The author's description of Marc Rich in Chapter 6 states that the trader was demanding and unfair with underlings and displayed little personality and had no sense of what?
(a) Civility.
(b) Humor.
(c) Dignity.
(d) Empathy.

5. Traders of what trading company were busted by the FBI in 1981?
(a) Entergy Incorporated.
(b) Intertech Resources, Inc.
(c) Chemical Resources, Inc.
(d) Mineral Resources, Inc.

6. What happened with Philipp Brothers' profits after their merger in Chapter 5?
(a) The stayed the same.
(b) They slightly decreased.
(c) They plummeted.
(d) They increased.

7. The author writes in Chapter 6 that solid relationships with what were essential in the trading world?
(a) Governments.
(b) Customers.
(c) Banks.
(d) Officials.

8. In what year was the U.S. dollar no longer backed by gold?
(a) 1973.
(b) 1976.
(c) 1965.
(d) 1971.

9. The rumor from Chapter 2 began circulating where?
(a) New York.
(b) London.
(c) Paris.
(d) Oslo.

10. After 15 years at the helm, the Philipps brothers' cousin and who were responsible for elevating Philipp Brothers to a powerful international trading force?
(a) Edmond Mantell.
(b) Marc Rich.
(c) Pincus Green.
(d) Siegfried Ullman.

11. Where was Marc Rich born?
(a) New York, U.S.
(b) Antwerp, Belgium.
(c) London, England.
(d) Oslo, Norway.

12. The trading community admired Rich because he was able to get around many what that stood in the way of many countries and their corporations?
(a) Rules and regulations.
(b) Market crashes.
(c) Reluctant buyers.
(d) Reluctant sellers.

13. The author writes that in the geographical location of Europe, one could buy a metal for one dollar from a Far Eastern customer and sell it for how much to a North American customer before the day ended?
(a) $1.50.
(b) $5.
(c) $3.
(d) $2.

14. What is the name of an oil cartel of twelve developing countries made up of Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela?
(a) PLCO.
(b) NPCL.
(c) OPEC.
(d) NATO.

15. Where did Marc Rich attend college?
(a) Harvard University.
(b) New York University.
(c) Princeton University.
(d) Yale University.

Short Answer Questions

1. What is the name of the Iranian broker with whom Rich fostered a long-term relationship?

2. What building did Philipp Brothers occupy five floors of in New York?

3. 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?

4. Marc Rich's family moved to the U.S. from fear of what?

5. How many of the forty sought-after metals were traded openly?

(see the answer keys)

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