View a FREE sample

This quiz consists of 5 multiple choice and 5 short answer questions through Hedge Fund.

Multiple Choice Questions

1. Meriwether was threatened with what, if his Treasury bill deal did not pan out?
(a) A promotion.
(b) Termination.
(c) Death.
(d) A lawsuit.

2. What type of strategy did Long-Term employ?
(a) Low risk.
(b) Moderate risk.
(c) Whatever was dictated by the market.
(d) High risk.

3. When Meriwether increased his position in Treasury futures, what did he expect the market to do?
(a) Perform typically.
(b) Collapse.
(c) Rise sharply overnight.
(d) Drop substantially.

4. Where did Meriwether work in 1979?
(a) Salomon Brothers.
(b) Lehman.
(c) Merrill Lynch.
(d) Long-Term.

5. How was Meriwether's career affected following the Treasury bill deal?
(a) He was made partner.
(b) He became a public speaker.
(c) He lost his job.
(d) He became a regulation advocate.

Short Answer Questions

1. Where was the Long-Term Capital Portfolio stored?

2. Who helped Meriwether raise money for Long-Term?

3. What was J.F. Eckstein & Co. primarily working on in 1979?

4. What type of funds gained popularity in the 1990's?

5. What was the end result of Meriwether's Treasury bill deal?

(see the answer key)

This section contains 191 words (approx. 1 page at 300 words per page) View a FREE sample