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This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.
Multiple Choice Questions
1. In what year was the U.S. dollar no longer backed by gold?
(a) 1965.
(b) 1976.
(c) 1971.
(d) 1973.
2. In what year did Marc Rich marry, according to Chapter 5?
(a) 1962.
(b) 1977.
(c) 1966.
(d) 1970.
3. What publicly owned company did Philipp Brothers merge with in Chapter 5?
(a) Intertech Resources.
(b) Entergy Corporation.
(c) Metals and Chemicals Corporation.
(d) Minerals & Chemicals Corporation.
4. When did Philipp Brothers merge with a publicly owned company, as described in Chapter 5?
(a) 1968.
(b) 1970.
(c) 1972.
(d) 1960.
5. The author describes in Chapter 1 that metal trading was a shadowy world in which huge amounts of money were traded and, to play in that arena, one had to be "extremely smart, stupid or " what?
(a) Crazy.
(b) A gambler.
(c) Spontaneous.
(d) Wealthy.
Short Answer Questions
1. What happened with Philipp Brothers' profits after their merger in Chapter 5?
2. What were the personalities of the traders related to in Chapter 1?
3. In what year was there a growing awareness of the creeping power of the Ronald Reagan dollar, which was gaining fiscal strength over European currencies?
4. How many of the forty sought-after metals were traded openly?
5. What is the largest city in the German state of Hesse and the fifth-largest city in Germany?
Short Essay Questions
1. What was in great demand in Chapter 2? What were the results?
2. How great an empire did Marc Rich build? How is he described by the author in Chapter 1?
3. Describe Ludwig Jesselson. How did he work with clients?
4. Where and when did Marc Rich begin his career as a metal man? What was the company like?
5. Where did Jesselson send Marc Rich in Chapter 5? What did he learn there?
6. What caused a major change in oil prices in Chapter 6? What was Rich's reaction?
7. Under whom did many of the new recruits at Philipp Brothers work? What was this individual like?
8. What does the author write of the atmosphere at Philipp Brothers when Marc Rich began there? How was the market different from today?
9. Where did Mark Rich attend college? When and why did he leave?
10. How was Marc Rich described by those who knew him in Chapter 6?
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