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

2. 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) Reluctant buyers.
(b) Rules and regulations.
(c) Market crashes.
(d) Reluctant sellers.

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?
(a) $25,000.
(b) $100,000.
(c) $10,000.
(d) $50,000.

4. In what year does the author write in Chapter 6 that oil prices began to dictate market value?
(a) 1977.
(b) 1969.
(c) 1973.
(d) 1975.

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

Short Answer Questions

1. The price of silver rose how many cents an ounce following the rumor in Chapter 2?

2. What did Marc Rich begin taking in Chapter 6 to manage his weight?

3. After 15 years at the helm, the Philipps brothers' cousin and who were responsible for elevating Philipp Brothers to a powerful international trading force?

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?

5. What is the chemical symbol for gold?`

Short Essay Questions

1. How many metals were openly traded? Where did others come from?

2. Where was Marc Rich born? What was his father like?

3. What was in great demand in Chapter 2? What were the results?

4. What does the author write of the atmosphere at Philipp Brothers when Marc Rich began there? How was the market different from today?

5. How does the author describe the industrial trading world of 1984 in Chapter 1?

6. What happened with banking following the merger with Engelhard in Chapter 6? How did this affect Rich?

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

8. What was the purpose of the scam and rumor in Chapter 2? Who was responsible for it?

9. What caused a major change in oil prices in Chapter 6? What was Rich's reaction?

10. How great an empire did Marc Rich build? How is he described by the author in Chapter 1?

(see the answer keys)

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