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This quiz consists of 5 multiple choice and 5 short answer questions through Part 3: Chapter 12, Milken's Money Machine.

Multiple Choice Questions

1. Why were Milken's imitators not as successful as he was?
(a) They could not invest as much firm money.
(b) They could not raise the money Milken could or with the same speed.
(c) They had no idea how he was doing his business.
(d) They were bound by deeper government regulations.

2. What kind of business did Milken's Belvedere Securities do?
(a) traded business secrets learned in hostile takeovers
(b) traded new lamps for old in a manner of speaking
(c) traded bonds anonymously for clients of Drexel
(d) traded the body of the bond separate from its coupons

3. With whom was the firm of Drexel Burnham Lambert identified by the late 1970s?
(a) Tubby Burnham
(b) Michael Milken
(c) Fred Joseph
(d) Ronald Reagan

4. What did Bergerac's associates tell him about Perelman?
(a) that Perelman would use illegal means to take Revlon over
(b) that Perelman knew all about hostile takeovers
(c) that Perelman was known as a blowhard
(d) that Perelman had never done a hostile takeover

5. What was another company Wedvick used in his investment scheme?
(a) Kansa General Insurance Company in Helsinki, Finland
(b) Banco de Mexico
(c) Caribbean Investment Corporation
(d) Barzil International Insurance

Short Answer Questions

1. Eventually, what did First Federal and Columbia Savings become?

2. Who was another player involved in the National Can takeover attempt?

3. Why did Milken take the bus from New Jersey to Wall Street?

4. What was the purpose of Fred Joseph's meeting at the Barbizon Plaza in New York?

5. How was Drexel being spoken of after the success of so many hostile takeovers?

(see the answer key)

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