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

Multiple Choice Questions

1. What publicly owned company did Philipp Brothers merge with in Chapter 5?
(a) Minerals & Chemicals Corporation.
(b) Metals and Chemicals Corporation.
(c) Intertech Resources.
(d) Entergy Corporation.

2. What is the chemical symbol for gold?`
(a) Go.
(b) Au.
(c) Gl.
(d) Ag.

3. 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) OPEC.
(b) PLCO.
(c) NATO.
(d) NPCL.

4. In what year did Marc Rich marry, according to Chapter 5?
(a) 1970.
(b) 1962.
(c) 1977.
(d) 1966.

5. What building did Philipp Brothers occupy five floors of in New York?
(a) The Empire State Building.
(b) McGraw-Hill Building.
(c) 30 Rockefeller Plaza.
(d) World Trade Tower 1.

6. Marc Rich's family moved to the U.S. from fear of what?
(a) The Fascist Regime.
(b) The Nazi Regime.
(c) World War I.
(d) The Spanish Civil War.

7. What metal did Marc Rich first begin trading at Philipp Brothers?
(a) Silver.
(b) Aluminum.
(c) Mercury.
(d) Gold.

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

9. Under what master mover of the precious metals did many of the new recruits work under the tutelage of at Philipp Brothers?
(a) Sam Fishman.
(b) Edmond Mantell.
(c) Pincus Green.
(d) Ali Rezai.

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

11. Rich's goal in Chapter 6 was to have great success in Madrid, become European manager, and eventually take over whose responsibilities?
(a) Steinman's.
(b) Rezai's.
(c) Jesselson's.
(d) Fielding's.

12. What company had Marc Rich begun working at immediately after dropping out of college?
(a) Bank of Credit and Commerce International.
(b) Glencore International AG.
(c) Philipp Brothers.
(d) Clarendon Limited.

13. Marc Rich created an oil market that allowed customers to buy oil without having to do what?
(a) Own oil tankers.
(b) Transport the oil.
(c) Use bank loans.
(d) Deal directly with the oil companies.

14. The author writes in Chapter 6 that Rich was well aware that OPEC's demand for ______ would lead to an oil glut that the globe could not handle.
(a) Trade embargoes.
(b) Less production.
(c) More production.
(d) Money.

15. Where was Marc Rich exiled after his legal troubles in the United States?
(a) France.
(b) Switzerland.
(c) Norway.
(d) Spain.

Short Answer Questions

1. What was being sold, but was in short supply and not physically accessible in Chapter 2?

2. Where was Marc Rich born?

3. In what year does the author write in Chapter 6 that oil prices began to dictate market value?

4. The rumor from Chapter 2 began circulating where?

5. When was Philipp Brothers founded?

(see the answer keys)

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