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

Multiple Choice Questions

1. What did Long-Term expect foreign banks to invest?
(a) Only individuals could invest.
(b) $100 million.
(c) $1 million.
(d) $10 million.

2. How many employees were with Long-Term in 1996?
(a) Five.
(b) A couple dozen.
(c) Five hundred.
(d) Less than a dozen.

3. In spite of business models, some justified the failures of the Long-Term traders as being what?
(a) Human.
(b) Greedy.
(c) Young.
(d) Exceptional.

4. What company was Kapor the founder of?
(a) Circuit Finance, Inc.
(b) Lochfield Growing Corporation.
(c) Finance Development International.
(d) Lotus Development Corporation.

5. In a letter to clients, to what did Long-Term attribute the decrease in profits?
(a) Irresponsibility in foreign nations.
(b) Foolish investments.
(c) Widening spreads.
(d) Poor margins.

Short Answer Questions

1. Where did the private contracts Long-Term made in 1998 trade?

2. What was practically impossible to determine about Long-Term?

3. What did Long-Term risk losing if they allowed their assets to fall below five hundred million dollars?

4. In 1993, what was happening more than usual in America?

5. In the 1970's, what type of trading was considered dull?

(see the answer key)

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