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This quiz consists of 5 multiple choice and 5 short answer questions through Part 3: Chapter 17, The Humbling.

Multiple Choice Questions

1. Why was Milken nervous about the large deals?
(a) because of the drain on Drexel finances
(b) because of the people running the companies
(c) because of the size
(d) because of the economy

2. What did Drexel think about the Japanese acceptance of junk bonds used in takeovers?
(a) that they would need to do a lot of educating
(b) that it would be a foothold in all of Asia
(c) much faster there than it had been in the United States
(d) that the Japanese would accept anything made in America

3. What was the average net worth of members of Milken's core group after being with him five years?
(a) $5 million
(b) $10 million
(c) $12 million
(d) $20 million

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

5. Eventually, what did First Federal and Columbia Savings become?
(a) big players in the construction industry
(b) part of the Drexel company
(c) regular commercial banks
(d) enormous appendages of Milken

Short Answer Questions

1. What made Drexel's troubles even worse after Boesky Day?

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

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

4. What was another company Wedvick used in his investment scheme?

5. What did Milken do for people who had worked with him?

(see the answer key)

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