Forgot your password?  

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.
Purchase our When Genius Failed Lesson Plans

Final Test - Medium

Name: _____________________________ Period: ___________________________

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

Multiple Choice Questions

1. What was the common belief regarding nuclear powers?
(a) They always default.
(b) They do not have capital.
(c) They are not stable.
(d) They never default.

2. What factor was forcing those with hedge funds to sell?
(a) Toxic assets.
(b) The Fed's involvement.
(c) Lack of credit.
(d) Ample credit.

3. In the mid-1990's, what was the ratio of leverage on Wall Street?
(a) 25-1.
(b) 100-1.
(c) 10-1.
(d) 45-1.

4. What did the Fed Chairman want to remove in an effort to create liquidity in the market?
(a) Stock rules.
(b) Trading rules.
(c) Short rules.
(d) Margin rules.

5. What was Long-Term's signature trade?
(a) The "mort up".
(b) The "equity vol".
(c) The "shining cat".
(d) The "small build".

Short Answer Questions

1. What award did Merton and Scholes win for economics?

2. What was the first horrible month Long-Term had?

3. How did regulators respond to the involvement of banks in the derivatives market?

4. After the first bad year experienced by Long-Term, what did its overall record look like?

5. After the meeting with the Fed, a market movement of what percentage could have ended Long-Term?

(see the answer keys)

This section contains 202 words
(approx. 1 page at 300 words per page)
Purchase our When Genius Failed Lesson Plans
When Genius Failed from BookRags. ©2009 BookRags, Inc. All rights reserved.
Follow Us on Facebook