View a FREE sample

This quiz consists of 5 multiple choice and 5 short answer questions through Part 1: Chapter 6, The Air Fund.

Multiple Choice Questions

1. Where did Milken and his wife buy a house?
(a) Beverley Hills
(b) San Clemente
(c) Santa Monica
(d) Encino

2. What were Milken's results the first year in his new position at Drexel Burnham?
(a) Fewer clients
(b) 100% profit
(c) 10% profit
(d) Break even

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) economic inflation in Asia
(d) stock prices soaring

4. What was Drexel's only real competition by the 1980s?
(a) Barnes and Noble
(b) Merrill Lynch
(c) Morgan Stanley
(d) Lehman Brothers

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

Short Answer Questions

1. What was Milken's biggest contribution to Drexel in the early years?

2. What was the Wall Street attitude toward low grade bonds at the time Milken started trading in them?

3. What did the Federal Home Loan Bank Board discover about what Spiegle at Columbia Savings and Loan was doing?

4. What was one thing Lowell Milken did for the company?

5. How did Milken and his wife travel to Los Angeles?

(see the answer key)

This section contains 307 words (approx. 2 pages at 300 words per page) View a FREE sample