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This quiz consists of 5 multiple choice and 5 short answer questions through On the Run.

Multiple Choice Questions

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

2. What was J.F. Eckstein & Co. primarily working on in 1979?
(a) Bonds.
(b) IO's.
(c) Treasury Bill futures.
(d) Stocks.

3. During the time period in "Hedge Fund", how many people were millionaires due to the stock market?
(a) 5 million.
(b) 1 million.
(c) 6 million.
(d) 20 million.

4. Who gains from working with hedge funds?
(a) Women.
(b) Impoverished countries.
(c) Managers.
(d) The government.

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

Short Answer Questions

1. What unusual event happened when Meriwether began working with Treasury futures?

2. Once in business, what did Long-Term have an easy time getting from banks?

3. What was Meriwether's team allowed to do, following the Treasury bill deal?

4. Meriwether was threatened with what, if his Treasury bill deal did not pan out?

5. What did a dealer from J.F. Eckstein & Co. want from Meriwether in 1979?

(see the answer key)

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