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This quiz consists of 5 multiple choice and 5 short answer questions through Dear Investors.

Multiple Choice Questions

1. What hedge fund caused a pound devaluation in Europe but made over a billion dollars?
(a) Quantum Fund.
(b) Treasury Fund.
(c) Millenium Fund.
(d) Endowment Fund.

2. What happened to Meriwether's Treasury bill deal before it was resolved?
(a) Big losses.
(b) It remained steady.
(c) It fell apart.
(d) Huge gains.

3. What is the method of paying a percentage of a bond called?
(a) A bond fee.
(b) A percentage price.
(c) A haircut.
(d) A trim.

4. Why did Long-Term trade in Italy?
(a) Meriwether was Italian.
(b) The opportunity for big returns.
(c) The tax write-off opportunity.
(d) It was a safe market.

5. Where was the London office for Long-Term located?
(a) Picadilly Square.
(b) Winchester.
(c) Mayfair.
(d) Buckingham Palace.

Short Answer Questions

1. In the 1970's, what type of trading was considered dull?

2. What did Meriwether do with his staff?

3. What year did Meriwether hire Myron Scholes?

4. How much money did Rosenfeld's business bring in?

5. Where was David W. Mullins working when Meriwether hired him?

(see the answer key)

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