Name: _________________________ | Period: ___________________ |
This quiz consists of 5 multiple choice and 5 short answer questions through Hedge Fund.
Multiple Choice Questions
1. How was Meriwether's career affected following the Treasury bill deal?
(a) He became a public speaker.
(b) He became a regulation advocate.
(c) He was made partner.
(d) He lost his job.
2. In order for Meriwether's Treasury futures investment to work, what did he need market prices to do?
(a) Remain the same.
(b) Converge.
(c) None of these.
(d) Fluctuate drastically.
3. What happened to Meriwether's Treasury bill deal before it was resolved?
(a) Huge gains.
(b) It remained steady.
(c) Big losses.
(d) It fell apart.
4. What did Long-Term expect foreign banks to invest?
(a) $100 million.
(b) Only individuals could invest.
(c) $1 million.
(d) $10 million.
5. When Meriwether increased his position in Treasury futures, what did he expect the market to do?
(a) Perform typically.
(b) Collapse.
(c) Drop substantially.
(d) Rise sharply overnight.
Short Answer Questions
1. In the 1970's, what type of trading was considered dull?
2. What type of strategy did Long-Term employ?
3. Meriwether was threatened with what, if his Treasury bill deal did not pan out?
4. Where was David W. Mullins working when Meriwether hired him?
5. What notable invention changed the face of trading in the 1970's?
This section contains 210 words (approx. 1 page at 300 words per page) |