Name: _________________________ | Period: ___________________ |
This quiz consists of 5 multiple choice and 5 short answer questions through Bank of Volatility.
Multiple Choice Questions
1. What did Long-Term do with off-the-run bonds?
(a) Avoid them.
(b) Hold them for profit.
(c) Loan them to other firms.
(d) Unload them quickly.
2. What year did Meriwether hire Myron Scholes?
(a) 1994.
(b) 1993.
(c) 1996.
(d) 1995.
3. In 1998, what act led Long-Term to a fall?
(a) Putting money into Italy.
(b) Investing in the Asian market.
(c) Shorting the U.S. market.
(d) Shorting the Russian market.
4. In 1994, what market did Long-Term begin to express an interest in?
(a) Local.
(b) Chinese.
(c) International.
(d) Chicago.
5. What were the models Long-Term used unable to predict?
(a) Investor's exact return.
(b) Long-Term's exact income.
(c) Market collapse.
(d) All of these.
Short Answer Questions
1. What type of government paper was bought in Italy?
2. What is the method of paying a percentage of a bond called?
3. In 1998, what market did Long-Term bet would decline?
4. When markets get jumpy, what begins to rise?
5. In 1996, how much did Long-Term have in assets?
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