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This quiz consists of 5 multiple choice and 5 short answer questions through Part 3: Chapter 10, 'Drexel is like a God'.

Multiple Choice Questions

1. What was the advantage FIFI and other like funds offer?
(a) better availability
(b) simplicity of buying
(c) more security than Treasury bonds
(d) a higher yield than Treasury bonds

2. What was the result when rules on M&A were finally adopted by the Congress?
(a) They put everyone out of business.
(b) They made it almost impossible for raiders to operate.
(c) They were easy for the investment banking firms to get around.
(d) They made it impossible to sell parts of a company to pay for the acquisition.

3. What was a cause of the market crash of 1974?
(a) a slow down of foreign business
(b) low prices and a lot of bargains among companies
(c) stock prices soaring
(d) economic inflation in Asia

4. Who was behind the success of both First Executive and Columbia Savings?
(a) Fred Carr
(b) Lowell Milken
(c) Mike Milken
(d) Thomas Spiegle

5. What does FIFI stand for?
(a) Field Investment File Information
(b) Five Investment Features Initiative
(c) Fund Income from Favored Investors
(d) First Investors Fund for Income

Short Answer Questions

1. Who are two examples of Milken clients who became quite wealthy?

2. What company was a proxy fight that Carl Ichan lost?

3. Why did none of the thirty bills introduced covering takeovers in 1984-85 pass?

4. What was Fred Joseph's strategy for hiring employees for Drexel?

5. What is a proxy fight?

(see the answer key)

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