2. What was it about Milken that impressed his clients?
(a) his connections with politicians and movie stars
(b) his willingness to bargain when he sold them junk bonds
(c) his inside information about the junk bond companies
(d) his knowledge and memory for details about every bond there was.

3. What was Milken's biggest contribution to Drexel in the early years?
(a) a recruiting system to get the brightest Ivy League graduates
(b) engineering the change over to computers
(c) a study of the securities delivery system which cut the delivery time from five days to one
(d) an entry into the social circles of high-yield bond traders

4. When he heard on the radio about a change in options to buy stocks, what did Milken do that saved Drexel Burnham Lambert?
(a) cabeled DBL to warn them
(b) made calls from pay phones
(c) turned around and went back
(d) stopped in St. Louis and started buying

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

6. How did Milken and his wife travel to Los Angeles?
(a) by train
(b) by bus
(c) by private jet
(d) by car

7. Who informed the SEC that he was attempting to gain control of Triagle Acquisition Corporation?
(a) Nelson Peltz
(b) Gerald Guterman
(c) Oscar Wyatt
(d) Mike Milken

8. What is RICO?
(a) Reporting Interest In Company
(b) Mexican Stock Exchange
(c) Racketeer Influenced Corrupt Organizations Act
(d) The Bank of Brazil

9. How did Milken break into the Las Vegas gambling business community?
(a) Milken traveled every weekend to gamble in Las Vegas.
(b) Milken helped Steve Wynn raise the funds he needed to build in Atlantic City.
(c) Milken showed the casino owners how they could double their income.
(d) Milken lowered his commissions to get large casino business.

10. Keeping New York office hours, at what time did they begin work in L. A.?
(a) 4:30 a.m.
(b) 6:30 a.m.
(c) 10:00 a.m.
(d) 7:00 a.m.

11. What two large companies did Drexel underwrite bond issues for in a ten-day period?
(a) Disney Studios and the LA Dodgers
(b) Boeing Aricraft and United Supermarkets
(c) Paramount Pictures and General Motors
(d) MGM/UA Entertainment Company and MCI Communications

12. Why did Drexel remain a privately-held company?
(a) Milken could then retain his need for secrecy.
(b) It was too much of a temptation for a hostile takeover.
(c) They did not want outsiders to get in on their business.
(d) Joseph refused to allow it to happen.

13. 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

14. Why did Milken takeovers work?
(a) because the raiders were backed by pools of capital
(b) because Milken personally supervised the takeovers
(c) because of inside information
(d) because of Milken's name associated with the takeover

15. What government regulation made it easier for multiple mergers in the 1980s?
(a) gauranteed loans for mergers
(b) a relaxation of antitrust restrictions
(c) deregulation of banks
(d) cuts in the minimum wage