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This quiz consists of 5 multiple choice and 5 short answer questions through Tug-of-War.

Multiple Choice Questions

1. Where was David W. Mullins working when Meriwether hired him?
(a) Yale School of Finance.
(b) The United Nations.
(c) Salomon Brothers.
(d) Federal Reserve.

2. In 1993, what was happening more than usual in America?
(a) Day trading.
(b) Refinancing.
(c) Starvation.
(d) Bankruptcy.

3. What was Meriwether's team allowed to do, following the Treasury bill deal?
(a) Set Treasury standards.
(b) Coach the office.
(c) Vacation in Italy.
(d) Spread trades.

4. What was the typical scenario for bond investors in 1994?
(a) Minimal gains.
(b) Loss.
(c) Substantial gains.
(d) Few invested in bonds.

5. Where was the Long-Term Capital Portfolio stored?
(a) Bermuda.
(b) Germany.
(c) Switzerland.
(d) Cayman Islands.

Short Answer Questions

1. What type of government paper was bought in Italy?

2. In 1994, what market did Long-Term begin to express an interest in?

3. What affected bond trading in the 1970's?

4. What did Long-Term do with off-the-run bonds?

5. Who did most funds have to be registered with?

(see the answer key)

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