When Genius Failed Test | Final Test - Medium

Roger Lowenstein
This set of Lesson Plans consists of approximately 107 pages of tests, essay questions, lessons, and other teaching materials.
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This test consists of 5 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. When did Long-Term begin scrambling to raise money?
(a) August 30.
(b) August 24.
(c) August 2.
(d) August 10.

2. In 1998, Long-Term expected prices to do what?
(a) Fluctuate.
(b) Rise.
(c) Fall.
(d) Stay the same.

3. Once crisis hit, how many weeks did it take for the partners to lose $3.6 billion?
(a) 20.
(b) 5.
(c) 52.
(d) 1.

4. What was the first horrible month Long-Term had?
(a) July, 1998.
(b) June, 1998.
(c) It never had a horrible month.
(d) August, 1998.

5. What word did people often use to describe Long-Term?
(a) Stupid.
(b) Communist.
(c) Dangerous.
(d) Genius.

Short Answer Questions

1. When Russia first experienced turmoil, Long-Term was confident that what would happen?

2. On what date did Russia declare a debt moratorium?

3. When did the Russian market begin to fail?

4. Who threatened to stop clearing the trades at Long-Term if their fund fell below a particular amunt?

5. In 1998, what type of contracts did Long-Term make with private entities?

(see the answer keys)

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