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This quiz consists of 5 multiple choice and 5 short answer questions through Part 1: Chapter 5, The Cloister at Wilshire and Rodeo.

Multiple Choice Questions

1. For whom did Milken do trading?
(a) only for himself now because he was making so much money
(b) not only for customers, but also his own account and his group's account
(c) only for family and friends to keep attention away from himself
(d) just for Drexel Burnham Lambert because of the volume of work

2. What are REITs?
(a) raw energy investment tables
(b) real estate instruments like mortgages
(c) rare employee investment tallies
(d) really extended investment trials

3. What did the Milken Group do in 1983?
(a) cancel the annual Preditors' Ball
(b) moved from Century City to a building at Wilshire Boulevard and Rodeo Drive
(c) started buying up real estate in Los Angeles
(d) began making large charitable contributions

4. Why did Drexel have to separate from J. P. Morgan?
(a) the final break up of J. P. Morgan and Company
(b) the enactments of the Glass-Steagall Act in 1934
(c) a disagreement between Drexel and Morgan
(d) the regulations of the sherman Anti-Trust Act

5. What did Milken's involvement in this business do for him personally?
(a) He married a movie star.
(b) He finally gained respect from Burnham.
(c) He was finally able to take the train.
(d) He became very wealthy.

Short Answer Questions

1. Why was Milken so interested in low grade bonds?

2. What did Milken offer this market segment?

3. What commission did Drexel make on these funds?

4. What did the Milken brothers do probably without notifying Drexel?

5. Who was Dr. Feelgood of Drexel?

(see the answer key)

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