Quiz on lesson ” Warren Buffett’s Top Plays: #7 Illinois National Bank INB “

1. How much did Buffett purchase Illinois National Bank & Trust for in 1969?

a. $18.9 million

b. $31 million

c. $50 million

2. Why was Illinois National Bank & Trust divested from Berkshire in 1980?

a. Due to low earnings

b. Due to the Bank Holding Company Act of 1969

c. Due to competition from larger banks

3. What is one piece of advice Buffett gives for investing in businesses?

a. Invest in businesses with a proven track record

b. Invest in businesses with high potential for growth

c. Invest in businesses with low earnings

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