When Genius Failed Quiz | One Week Quiz A

Roger Lowenstein
This set of Lesson Plans consists of approximately 99 pages of tests, essay questions, lessons, and other teaching materials.

When Genius Failed Quiz | One Week Quiz A

Roger Lowenstein
This set of Lesson Plans consists of approximately 99 pages of tests, essay questions, lessons, and other teaching materials.
Buy the When Genius Failed Lesson Plans
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This quiz consists of 5 multiple choice and 5 short answer questions through The Human Factor.

Multiple Choice Questions

1. What did the Fed Chairman want to remove in an effort to create liquidity in the market?
(a) Trading rules.
(b) Margin rules.
(c) Short rules.
(d) Stock rules.

2. In bond trading, what are loans backed by collateral called?
(a) Repo financing.
(b) Mini trades.
(c) Fair financing.
(d) Exclusive trades.

3. What level of risk did Long-Term offer?
(a) Low.
(b) High.
(c) None.
(d) Medium.

4. What are some of the new markets Long-Term looked into in 1997?
(a) Paired-shares.
(b) All of these.
(c) Equities.
(d) Stocks.

5. Who threatened to stop clearing the trades at Long-Term if their fund fell below a particular amunt?
(a) Bear Sterns.
(b) Chase.
(c) Goldman Sachs.
(d) Fidelity.

Short Answer Questions

1. In 1996, why was it difficult to continue to find strong profits in arbitrage trades?

2. In 1998, who published Meriwether's letter to his clients?

3. In a letter to clients, to what did Long-Term attribute the decrease in profits?

4. In August 1998, how far down was Long-Term for the year-to-date?

5. Where were Italian bonds sold by Long-Term?

(see the answer key)

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