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This quiz consists of 5 multiple choice and 5 short answer questions through The Human Factor.

Multiple Choice Questions

1. What type of government paper was bought in Italy?
(a) Floating rate.
(b) Fluctuating rate.
(c) Deeds to monuments.
(d) Italian money.

2. Once the financial market in Russia collapsed, what did people stop trading?
(a) Corn.
(b) Commodities.
(c) Bonds.
(d) Stocks.

3. In 1994, why did the price of bonds drop?
(a) The Fed raised interest rates.
(b) Property value went down.
(c) The Fed lowered interest rates.
(d) There was too much wealth in America.

4. What did Long-Term do with off-the-run bonds?
(a) Hold them for profit.
(b) Loan them to other firms.
(c) Unload them quickly.
(d) Avoid them.

5. Who was withdrawing from the hedge fund markets?
(a) Long-Term.
(b) Large investment firms.
(c) Small investment firms.
(d) Foreign countries.

Short Answer Questions

1. What did Black and Scholes use to calculate market change?

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

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

4. When did Long-Term start losing money?

5. When markets get jumpy, what begins to rise?

(see the answer key)

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