Name: _________________________ | Period: ___________________ |
This quiz consists of 5 multiple choice and 5 short answer questions through At the Fed.
Multiple Choice Questions
1. What did Rosenfeld and his friend develop?
(a) Energy drinks.
(b) Energy bars.
(c) A financial museum.
(d) Software.
2. How much of the face value of a bond do buyers typically pay?
(a) 1%.
(b) 15%.
(c) 25%.
(d) 10%.
3. What did Long-Term do with off-the-run bonds?
(a) Hold them for profit.
(b) Avoid them.
(c) Loan them to other firms.
(d) Unload them quickly.
4. Who developed the Black-Scholes model?
(a) John Meriwether.
(b) Jack Salomon.
(c) David Black.
(d) Myron Scholes.
5. What did Long-Term want to do for investors?
(a) Limit risk.
(b) All of these.
(c) Make money.
(d) Build trust.
Short Answer Questions
1. What regulation did Long-Term bypass when trading equities?
2. Once in business, what did Long-Term have an easy time getting from banks?
3. By the end of 1996, what was the status of the credit financing Long-Term wanted?
4. How much money did Long-Term earn in 1996?
5. What was Long-Term's signature trade based on?
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