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

Multiple Choice Questions

1. What unusual event happened when Meriwether began working with Treasury futures?
(a) The price fell.
(b) The price rose.
(c) He lost millions.
(d) The U.S. government collapsed.

2. What was the end result of Meriwether's Treasury bill deal?
(a) It frightened his colleagues.
(b) It was not a notable deal.
(c) It lost a lot of money.
(d) It made a lot of money.

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

4. Meriwether believed that risk and volatility were what?
(a) Abstract ideas.
(b) A part of life.
(c) Unmanagable.
(d) Quantifiable.

5. Who typically invested in hedge funds?
(a) A club of exclusive investors.
(b) The general population.
(c) The Federal Reserve.
(d) Foreign banks.

Short Answer Questions

1. How was Meriwether's career affected following the Treasury bill deal?

2. What notable company went bankrupt in the 1970's?

3. Who became the temporary CEO of Meriwether's group when scandal hit?

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

5. What did Meriwether warn his investors against in 1994?

(see the answer key)

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