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Part 1: Chapter 1, The Miner's Headlamp

1. Why did Milken take the bus from New Jersey to Wall Street?
(a) because he liked the people on the bus
(b) to avoid talking to Wall Street people
(c) because he did not drive a car
(d) because he could not afford the train

2. What was Milken's problem with back office people at Drexel?
(a) He could not communicate with them.
(b) He was less educated than they were.
(c) He did not work well with Jewish people.
(d) He did not understand their work.

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

4. Why did Drexel have to separate from J. P. Morgan?
(a) the regulations of the sherman Anti-Trust Act
(b) the enactments of the Glass-Steagall Act in 1934
(c) a disagreement between Drexel and Morgan
(d) the final break up of J. P. Morgan and Company

(read all 180 Multiple Choice Questions and Answers)

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