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

Multiple Choice Questions

1. Who was the Fed Chairman in 1997?
(a) Alan Greenspan.
(b) Warren Buffet.
(c) Hillary Clinton.
(d) Madeleine Albright.

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

3. What was the dollar amount of the premium Long-Term paid for its loan?
(a) $100 million.
(b) $1 billion.
(c) $289 million.
(d) $200 million.

4. What was the limitation on borrowing for equity trading?
(a) 25%.
(b) 50%.
(c) 40%.
(d) 10%.

5. In August 1998, how far down was Long-Term for the month?
(a) 10%.
(b) 60%.
(c) 44%.
(d) 25%.

Short Answer Questions

1. In 1994, why did the price of bonds drop?

2. Who ran the London office for Long-Term?

3. In 1998, who published Meriwether's letter to his clients?

4. What did the Fed Chairman want to remove in an effort to create liquidity in the market?

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

(see the answer key)

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