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

Multiple Choice Questions

1. By the mid 1960s how much money does Morgan manage in trust assets?
(a) $1 billion.
(b) $15 billion.
(c) $15 million.
(d) $50 million.

2. What new business does JP Morgan enter into as a corporation that it could not do as a partnership?
(a) Securities.
(b) Trust business.
(c) Bonds.
(d) Home loans.

3. When does the US enter the war?
(a) August 1941.
(b) December 1940.
(c) March 1941.
(d) December 1941.

4. What entire industry does Morgan Grenfell handle after the war?
(a) Railroads.
(b) Aluminum.
(c) Electrical industry.
(d) Oil.

5. Who is Walter Funk?
(a) Head of the Reichsbank.
(b) Economics minister of Germany.
(c) Assistant to Hitler.
(d) Economics minister of Austria.

6. In 1981 who hires Adrian Antoniu, a Romanian refugee?
(a) Morgan Guaranty.
(b) Salomon Brothers.
(c) Lehman Brothers.
(d) Morgan Stanley.

7. What do Wall Street banks use as a form of finance during this period?
(a) Foreign currency.
(b) Compensating balances.
(c) Bonds.
(d) Securities.

8. When does Morgan Stanley case to be a partnership?
(a) 1965.
(b) 1975.
(c) 1970.
(d) 1969.

9. What newspaper breaks the story about Morgan Stanley's involvement in the Olinkraft buyout?
(a) New York Times.
(b) Washington Post.
(c) Wall Street Journal.
(d) Washington Times.

10. What becomes Morgan Stanley's main source of business?
(a) Foreign loans.
(b) Loans.
(c) New issues.
(d) Mergers.

11. When does the SEC charge Tommy S. Lamont with inside trading?
(a) 1959.
(b) 1965.
(c) 1968.
(d) 1960.

12. What causes the recession in 1973-1974?
(a) The Arab oil embargo.
(b) The Arab boycott of Israel.
(c) The introduction of petrodollars.
(d) The devaluation of the Euro.

13. When does Morgan bank merge with Guaranty Trust to form Morgan Guaranty?
(a) 1961.
(b) 1959.
(c) 1955.
(d) 1965.

14. Adnan Khashoggi is a client of which Morgan firm?
(a) He is not a client of a Morgan firm.
(b) Morgan Guaranty.
(c) Morgan Grenfell.
(d) Morgan Stanley.

15. Who is the only Guaranty Trust person to have a top position in the new Morgan Guaranty?
(a) Alexander Clay.
(b) Luther Cleveland.
(c) Tomas Smith.
(d) Dale Sharp.

Short Answer Questions

1. When does Leffingwell serve as chairman of Morgan?

2. Who heads the Corporate Finance Department of Morgan Grenfell?

3. Who runs the trust department of Morgan Guaranty after the merger?

4. Who is the chairman of Guinness during the scandal?

5. When does the Justice Department file an antitrust suit against Morgan Stanley?

(see the answer keys)

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